China HGS Reports Second Quarter of Fiscal Year 2021 Results
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HANZHONG, China, May 17, 2021 /PRNewswire/ China HGS Real Estate Inc. (NASDAQ: HGSH) ( China HGS or the Company ), a leading regional real estate developer headquartered in Hanzhong City, Shaanxi Province, China, today reported its financial results for the second quarter of fiscal 2021 ended March 31, 2021 with the U.S. Securities and Exchange Commission. An electronic copy of the quarterly report on Form 10-Q can be accessed on the SEC s website at www.sec.gov
Highlights for the quarter
Total revenues for the second quarter of fiscal 2021 were approximately $18.3 million, representing an increase of 867.2% from approximately $1.9 million in the same quarter of fiscal 2020 due to less gross floor area sold during the current quarter.
BEIJING (dpa-AFX) - Below are the earnings highlights for China HGS Real Estate Inc. (HGSH):-Earnings: $2.22 million in Q2 vs. -$0.62 million in the same period last year. -EPS: $0.10 in Q2 vs.
China HGS: Fiscal Q2 Earnings Snapshot
May 17, 2021
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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.
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
EBRD invests €24.7 million in first MAS Securities’ real estate green bond
EBRD invests €24.7 million in first MAS Securities’ real estate green bond
Development of green and sustainable retail and residential assets
Company seeks to achieve green building certification European Bank for Reconstruction and Development (EBRD) has successfully subscribed to a €24.7 million ticket as part of an inaugural five-year €300 million green bond issuance by MAS Securities BV. The firm is wholly owned by MAS Real Estate Inc., an investor and operator of predominantly retail real-estate assets that focuses on central and eastern Europe (CEE). The Bank’s investment will support the acquisition of green properties and the development of green and sustainable retail and residential assets, predominantly in Romania and potentially in the wider CEE region.