Consolidated HCI Holdings Corporation announces its 2009 annual and fourth
quarter results

WOODBRIDGE, ON, Dec. 10 /CNW/ - Consolidated HCI Holdings Corporation (the "Company") today announced its annual and fourth quarter results for fiscal 2009. The results, segregating discontinued operations as a result of previously announced and now completed asset sales are as follows:

    
                                      3 months ended        12 months ended
                                        September 30           September 30
                                      2009       2008        2009       2008
                                ---------------------------------------------
                                         ($000's)               ($000's)
    Continuing operations

      Revenue                     $  9,970   $ 13,456    $ 38,712   $ 52,099
                                ---------------------------------------------
                                ---------------------------------------------

    Net earnings for the year
     from continuing operations   $    598   $    895    $  3,800   $  9,902


    Earnings for the year from
     discontinued operations,
     net of income taxes                60        150          67      1,133
                                ---------------------------------------------
    Net earnings for the year     $    658   $  1,045    $  3,867   $ 11,035
                                ---------------------------------------------
                                ---------------------------------------------

    Earnings per share from:
      Continuing operations       $   0.03   $   0.04    $   0.19   $   0.48
      Discontinued operations         0.00       0.01        0.00       0.06
                                ---------------------------------------------
                                  $   0.03   $   0.05    $   0.19   $   0.54
                                ---------------------------------------------
                                ---------------------------------------------
    

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"

SOURCE Consolidated HCI Holdings Corporation

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


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