HGSH Stock
HGSH Stock

China HGS Real Estate Inc. (HGSH) stock soared 23.08% in the pre-market trading session at the price of $2.72 despite no fundamental reason. The last published news was its financial results for the fiscal third quarter and nine months ended 30th June 2021.

HGSH, located in Hanzhong City, is the top real estate developer with a grade-I real estate qualification. The company offers affordable houses with modern designs to fulfill the needs of different clients. It develops multi-building apartment complexes, high-rise and sub-high-rise buildings in China and other populated counties.

HGSH Nine Months Fiscal 2021 Financial Results

On 16th August 2021, HGSH published its financial results for the fiscal nine months ended 30th June 2021. The revenue totaled $52.9M for the first nine months of fiscal 2021. It represents a surge of 630.0% from $7.2M for the same nine months of fiscal 2020.

For the first nine months of fiscal 2021, net income was $6.1M. HGSH has a net loss of $3.5M for the same nine months of fiscal 2020. For the nine months ended 30th June 2021, net income (basic and diluted) per share was $0.26. Net loss (basic and diluted) per share was $0.15 for the first nine months of fiscal 2020.

HGSH First Half Fiscal 2021 Financial Results

Earlier on 18th May 2021, HGSH reported its financial results for the fiscal six months ended 31st March 2021. Revenue totaled $21.0M for the first half of fiscal 2021. It represents a rise of 401.5% from $4.2M in the same six months of fiscal 2020.

For the first half of fiscal 2021, net income totaled $2.5M. The company had a net loss of $0.9M for the first half ended on 31st March 2020. Net income (basic and diluted) per share grew to $0.11 for the first six months of fiscal 2021. For the first half of 2020, the net loss (basic and diluted) per share was $0.02.

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