Consolidated HCI Holdings Corporation announces its 2009 first quarter results



    WOODBRIDGE, ON, Feb. 12 /CNW/ - Consolidated HCI Holdings Corporation
today announced its fiscal 2009 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
                                                         2008         2007
                                                      -----------------------
                                                              ($000's)
    Continuing operations

      Revenue                                          $  9,258     $ 21,493
                                                      -----------------------
                                                      -----------------------

    Net earnings for the period from continuing
      operations                                       $  1,102     $  6,969


    Net earnings for the period from discontinued
      operations                                              7        1,454
                                                      -----------------------
    Net earnings for the period                        $  1,109     $  8,423
                                                      -----------------------
                                                      -----------------------

    Earnings per share from:
      Continuing operations                            $   0.05     $   0.34
      Discontinued operations                              0.00         0.07
                                                      -----------------------
                                                       $   0.05     $   0.41
                                                      -----------------------
                                                      -----------------------
    

    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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