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

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