Consolidated HCI Holdings Corporation announces its 2008 third quarter results



    WOODBRIDGE, ON, Aug. 11 /CNW/ - Consolidated HCI Holdings Corporation
today announced its fiscal 2008 third quarter results. The results,
segregating discontinued operations as a result of previously announced and
now completed asset sales, are as follows:

    

                                       3 months ended        9 months ended
                                           June 30               June 30
                                       2008       2007       2008       2007
    Continuing operations                 ($000's)              ($000's)

      Revenue                     $  10,548  $   8,646  $  38,643  $  22,466
                                  -------------------------------------------
                                  -------------------------------------------

    Net earnings for the period
     from continuing operations   $   1,284  $   1,424  $   9,007  $   3,380

    Earnings (loss) for the
     period from discontinued
     operations, net of income
     taxes                             (474)   109,990        983    113,176
                                  -------------------------------------------
    Net earnings for the period   $     810  $ 111,414  $   9,990  $ 116,556
                                  -------------------------------------------
                                  -------------------------------------------

    Earnings (loss) per share
     from:
      Continuing operations       $    0.06  $    0.07  $    0.44  $    0.16
      Discontinued operations         (0.02)      5.35       0.05       5.50
                                  -------------------------------------------
                                  $    0.04  $    5.42  $    0.49  $    5.66
                                  -------------------------------------------
                                  -------------------------------------------
    

    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, CFO, (905) 851-7741
(106)


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