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China HGS: Fiscal 1Q Earnings Snapshot

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HANZHONG, China (AP) _ China HGS Real Estate Inc. (HGSH) on Monday reported fiscal first-quarter net income of $292,000, 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 1 cent.

The real estate developer posted revenue of $2.8 million in the period.

In the final minutes of trading on Monday, the company's shares hit $2.60. A year ago, they were trading at $1.04.

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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