China HGS Real Estate Inc. (HGSH) released a profit for second quarter that decreased compared to the same period last year.
The company said its bottom line declined to $1.30 million, or $0.03 per share. This was down from $9.27 million, or $0.21 per share, in last year's second quarter.
The company said revenue for the quarter fell 70.8% to $6.9 million. This was down from $23.6 million last year.
China HGS Real Estate Inc. earnings at a glance:
-Earnings (Q2): $1.30 Mln. vs. $9.27 Mln. last year.
-Earnings Decline (Y-o-Y): -86.0%
-EPS (Q2): $0.03 vs. $0.21 last year.
-EPS Decline (Y-o-Y): -85.7%
-Revenue (Q2): $6.9 Mln vs. $23.6 Mln last year.
-Revenue Change (Y-o-Y): -70.8%
For comments and feedback contact: editorial@rttnews.com