Last $3.12 USD
Change Today +0.02 / 0.65%
Volume 16.7K
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As of 4:30 PM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

china hgs real estate inc (HGSH) Key Developments

China HGS Real Estate Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended December 31, 2014

China HGS Real Estate Inc. announced unaudited consolidated earnings results for the first quarter ended December 31, 2014. For the quarter, the company reported real estate sales of $10,565,687 against $14,140,563 a year ago. Operating income was $1,877,987 against $3,393,455 a year ago. Income before income taxes was $1,861,051 against $3,379,914 a year ago. Net income was $1,625,990 against $3,057,117 a year ago. Basic and diluted earnings per share was $0.04 against $0.07 a year ago. Net cash used in operating activities was $6,651,925 against $15,149,200 a year ago.

China HGS Real Estate Inc. Announces Consolidated Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

China HGS Real Estate Inc. announced consolidated unaudited earnings results for the year ended September 30, 2014. For the year, the company reported real estate sales of $124,295,928 against $67,809,073 a year ago. Operating income was $35,313,168 against $22,277,690 a year ago. Income before income taxes was $35,255,716 against $22,189,783 a year ago. Net income was $32,444,757 against $20,791,565 a year ago. Diluted earnings per share was $0.72 against $0.46 a year ago. Net cash used in operating activities was $26,723,054 against $11,162,107 a year ago.

China HGS Real Estate Inc., Annual General Meeting, Sep 29, 2014

China HGS Real Estate Inc., Annual General Meeting, Sep 29, 2014., at 10:00 China Standard Time. Location: corporate offices located at 6 Xinghan Road. Agenda: To consider the election of five directors; to ratify the appointment of Friedman LLP as the independent registered public accountants for the fiscal year ending September 30, 2014; to conduct an advisory vote to approve the compensation paid to named executive officers of the company; and to transact such other business that may properly come before the meeting or at any adjournment thereof.

China HGS Signs Second Shanty Area Rebuilding Project Agreement

China HGS Real Estate Inc. announced that the company has signed its second shanty area rebuilding framework agreement with the Hantai District government of Hanzhong City. Pursuant to the agreement, the Company will be engaged in development of shanty areas surrounding the Lianhuachi Area located in the Hantai District, Hanzhong City. The estimated investment in the project is approximately USD 750 million. The local government will coordinate with the Company to implement the reform plans. The Company will closely work with local government on the detail implementation plan and manage the project progress.

China HGS Real Estate Inc. Signs its First Shanty Area Rebuilding Project Agreement

China HGS Real Estate Inc. announced that the company signed its first shanty area rebuilding framework agreement with the Hantai District government of Hanzhong City. Pursuant to the agreement, the Company is engaged in developing the shanty areas surrounding Liang Zhou Road located in the Hantai District, Hanzhong City. The estimated investment in the project is approximately $580 million. The local government will coordinate with the Company to implement the reform plan.

 

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