CONSOLIDATED HCI HOLDINGS CORPORATION ANNOUNCES ITS 2011 FIRST QUARTER RESULTS

WOODBRIDGE, ON, Feb. 11 /CNW/ - Consolidated HCI Holdings Corporation today announced its fiscal 2011 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
   
            2010       2009    
            ($000's)    
Continuing operations                        
                         
    Revenue           $4,460       $5,965    
                         
Net earnings for the period from continuing operations           $   689       $   809    
                         
Net earnings for the period from discontinued operations           54       50    
Net earnings for the period           $   743       $   859    
                         
Earnings per share from:                        
    Continuing operations           $  0.03       $  0.04    
    Discontinued operations           0.00       0.00    
            $  0.03       $  0.04    

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:

Mr. Arnold J. Resnick
905-851-7741 (106)


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