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