China HGS: Fiscal Q2 Earnings Snapshot

By The Associated Press

HANZHONG, China (AP) _ China HGS Real Estate Inc. (HGSH) on Monday reported fiscal second-quarter net income of $2.2 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Hanzhong, China-based company said it had net income of 10 cents.

The real estate developer posted revenue of $18.3 million in the period.

In the final minutes of trading on Monday, the company’s shares hit $1.85. A year ago, they were trading at 82 cents.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HGSH at https://www.zacks.com/ap/HGSH

The Associated Press

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