Consolidated HCI Holdings Corporation announces its 2009 second quarter results



    WOODBRIDGE, ON, May 13 /CNW/ - Consolidated HCI Holdings Corporation
today announced its fiscal 2009 second quarter results. The results,
segregating discontinued operations as a result of previously announced and
now completed asset sales, are as follows:

    
                                       3 months ended      6 months ended
                                          March 31            March 31
                                      2009      2008      2009      2008
                                         ($000's)            ($000's)
    Continuing operations
      Revenue                         $  4,580  $  6,602  $ 13,838  $ 28,095
                                   ------------------------------------------
                                   ------------------------------------------

    Net earnings for the period
     from continuing operations       $    911  $    754  $  2,013  $  7,723

    Earnings for the period from
     discontinued operations, net
     of income taxes                         -         3         7     1,457
                                   ------------------------------------------
    Net earnings for the period       $    911  $    757  $  2,020  $  9,180
                                   ------------------------------------------
                                   ------------------------------------------

    Earnings per share from:
      Continuing operations           $   0.05  $   0.04  $   0.10  $   0.38
      Discontinued operations             0.00      0.00      0.00      0.07
                                   ------------------------------------------
                                      $   0.05  $   0.04  $   0.10  $   0.45
                                   ------------------------------------------
                                   ------------------------------------------
    

    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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