Consolidated HCI Holdings Corporation announces its 2009 third quarter results



    WOODBRIDGE, ON, Aug. 13 /CNW/ - Consolidated HCI Holdings Corporation
today announced its fiscal 2009 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
                                          2009     2008     2009     2008
                                             ($000's)          ($000's)

    Continuing operations
      Revenue                             $14,904  $10,548  $28,742  $38,643
                                         ------------------------------------
    Net earnings for the period from
     continuing operations                 $1,182   $1,284   $3,195   $9,007

    Earnings (loss) for the period from
     discontinued operations, net of
     income taxes                               -     (474)       7      983
                                         ------------------------------------
    Net earnings for the period            $1,182     $810   $3,202   $9,990
                                         ------------------------------------
                                         ------------------------------------
    Earnings (loss) per share from:
      Continuing operations                 $0.06    $0.06    $0.16    $0.44
      Discontinued operations                0.00    (0.02)    0.00     0.05
                                         ------------------------------------
                                            $0.06    $0.04    $0.16    $0.49
                                         ------------------------------------
                                         ------------------------------------
    

    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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