Consolidated HCI Holdings Corporation Announces Its 2018 Third Quarter Results

Consolidated HCI Holdings Corporation Announces Its 2018 Third Quarter Results

Canada NewsWire

WOODBRIDGE, ON, Aug. 14, 2018

WOODBRIDGE, ON, Aug. 14, 2018 /CNW/ - Consolidated HCI Holdings Corporation today announced its fiscal 2018 third quarter results.

	3 months ended June 30		9 months ended June 30
	2018	2017	2018	2017
($000's except earnings per share)

Revenue	$22	$264	$59	$943

Net earnings (loss) for the period	$(74)	$ 1,705	$(278)	$2,181

Earnings (loss) per share	$ -	$ 0.09	$(0.01)	$0.11

Net earnings for the first nine months of 2018 include foreign exchange gains of $110 and $56 of cost recoveries from the Company's house building co-tenancies which were wound up in the third quarter.

Net earnings for the first nine months of 2017 include a $1,814 gain on the sale of a marketable security investment, rental revenue from the Company's investment properties of $864 and fair value gains on those investment properties of $793. As previously reported, the investment properties were sold on June 30, 2017.

With the sale of its investment properties in 2017, the Company discontinued and divested a substantial portion of its operations and ceased to be actively engaged in ongoing business.

Consolidated HCI Holdings Corporation is an Ontario-based company that trades on the TSX Venture Exchange (NEX) under the symbol "CXA.H"

SOURCE Consolidated HCI Holdings Corporation

View original content: http://www.newswire.ca/en/releases/archive/August2018/14/c1107.html

Copyright CNW Group 2018

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