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14.08.2018 23:00:00
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Consolidated HCI Holdings Corporation Announces Its 2018 Third Quarter Results
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
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