Hg Holdings, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2020
August 10, 2020 at 04:29 pm EDT
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HG Holdings, Inc. announced earnings results for the second quarter ended June 30, 2020. For the second quarter, the company announced net loss was USD 175,000 compared to USD 902,000 a year ago. Basic loss per share from continuing operations was USD 0.01 compared to USD 0.06 a year ago. For the half year, net income was USD 879,000 compared to USD 464,000 a year ago. Basic earnings per share from continuing operations was USD 0.05 compared to USD 0.03 a year ago.
HG Holdings, Inc. is engaged in the business of providing title insurance and tile agency services. The Company's segments include title insurance, real estate, reinsurance, and management services. The title insurance segment issues title insurance policies and provides title agency services for residential and commercial real estate transactions. This segment also provides closing and/or escrow services to facilitate real estate transactions. The real estate segment is engaged in rental real estate through its equity investment in HC Realty. The management services segment, through its subsidiary, HG Managing Agency, LLC, is engaged in providing various management advisory services such as legal entity formation, licensure, regulatory approval, assumption of policies, and other general operational services. Its subsidiaries include National Consumer Title Insurance Company; National Consumer Title Group, LLC; Title Agency Ventures, LLC, and HG Managing Agency, LLC.
HG HOLDINGS, INC. 