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Consolidated HCI Holdings Corporation Announces Its 2018 Third Quarter Results

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Consolidated HCI Holdings Corporation Announces Its 2018 Third Quarter Results

Canada NewsWire

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

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