Consolidated HCI Holdings Corporation announces its 2008 first quarter results



    WOODBRIDGE, ON, Feb. 7 /CNW/ - Consolidated HCI Holdings Corporation
today announced its fiscal 2008 first quarter results. The results,
segregating discontinued operations as a result of previously announced and
now completed asset sales, are as follows:

    
                                                     3 months ended
                                                       December 31
                                                    2007        2006
                                                  ---------------------
                                                        ($000's)
    Continuing operations

      Revenue                                     $ 21,493    $ 10,339
                                                  ---------------------
                                                  ---------------------

    Net earnings for the period from continuing
     operations                                   $  6,969    $  1,141


    Earnings for the period from discontinued
     operations, net of income taxes                 1,454       1,278
                                                  ---------------------
    Net earnings for the period                   $  8,423    $  2,419
                                                  ---------------------
                                                  ---------------------

    Earnings per share from:
      Continuing operations                       $   0.34    $   0.06
      Discontinued operations                         0.07        0.06
                                                  ---------------------
                                                  $   0.41    $   0.12
                                                  ---------------------
                                                  ---------------------
    

    Consolidated HCI Holdings Corporation is an Ontario-based real estate and
development company that trades on The Toronto Stock Exchange under the symbol
"CXA.B"




For further information:

For further information: Mr. Arnold J. Resnick, (905) 851-7741 (106)


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