China HGS Real Estate (HGSH) reported full year earnings of $0.72 per share Friday morning, up from $0.46 per share last year. Revenues were around $124.3 million, an increase of nearly 83% from about $67.8 million a year ago.
China HGS Real Estate gapped up Friday and rose sharply during the first half hour of trade, before settling into a range. Shares finished up by 1.42 at $4.48 on strong volume. The stock climbed to a 1-month high and re-crossed both its 50 and 200-day moving averages.
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