Consolidated HCI Holdings Corporation Announces its 2018 Second Quarter Results

WOODBRIDGE, ON, May 23, 2018 /CNW/ - Consolidated HCI Holdings Corporation today announced its fiscal 2018 second quarter results.

		3 months ended March 31		6 months ended March 31
		2018	2017	2018	2017
($000's except earnings per share)
Revenue		$18	$365	$37	$679
Net earnings (loss) for the period		$(70)	$(368)	$(204)	$476
Earnings (loss) per share		$  -	$(0.02)	$(0.01)	$0.02

 

Net earnings for the first six months of 2018 include foreign exchange gains of $110.

Net earnings for the first six months of 2017 include rental revenue from the Company's investment properties of $629 and fair value gains on those investment properties of $909. 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 NEX board under the symbol "CXA.H"

SOURCE Consolidated HCI Holdings Corporation

Copyright 2018 Canada NewsWire