Consolidated HCI Holdings Corporation announces its 2010 second quarter
results

WOODBRIDGE, ON, May 12 /CNW/ - Consolidated HCI Holdings Corporation today announced its fiscal 2010 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
                                         2010      2009      2010      2009
                                            ($000's)            ($000's)
    Continuing operations
      Revenue                         $  4,586  $  4,580  $ 10,551  $ 13,838
                                     ----------------------------------------
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    Net earnings for the period
     from continuing operations       $    496  $    911  $  1,355  $  2,013

    Earnings for the period from
     discontinued operations, net
     of income taxes                         -         -         -         7
                                     ----------------------------------------
    Net earnings for the period       $    496  $    911  $  1,355  $  2,020
                                     ----------------------------------------
                                     ----------------------------------------

    Earnings per share from:
      Continuing operations           $   0.02  $   0.04  $   0.07  $   0.10
      Discontinued operations                -         -         -         -
                                     ----------------------------------------
                                      $   0.02  $   0.04  $   0.07  $   0.10
                                     ----------------------------------------
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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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