Revenue Update on China Hgs Real Estate Inc(NASDAQ:HGSH)

China Hgs Real Estate Inc(NASDAQ:HGSH) announced the earnings results for Fiscal Year 2016 and Q3. The results came in during Pre-market on Aug 9, 2016. Earnings per share were $0.05.

China Hgs Real Estate Inc (HGSH) shares turned negative on Wednesdays trading session with the shares closing down -0.0085 points or -0.36% at a volume of 6,212. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $2.4. The peak price level was also seen at $2.4 while the days lowest was $2.3853. Finally the shares closed at $2.3853. The 52-week high of the shares is $3.63 while the 52-week low is $1.2012. According to the latest information available, the market cap of the company is $107 M.

China HGS Real Estate Inc. (China HGS) is a China-based Company which through its wholly-owned subsidiary Shaanxi Guangsha Investment and Development Group Co. Ltd. develops large-scale and high-quality commercial and residential projects. The Company’s real-estate properties include multi-layer apartment buildings sub-high-rise apartment buildings and high-rise apartment buildings. Since the initiation of the Company’s business it has been focusing on expanding its business in certain Tier 3 and Tier 4 cities and counties in China. The Company has been approved by Hanzhong local government to construct two municipal roads with a total length of 1064.09 meters.

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