Consolidated HCI Holdings Corporation announces its 2013 annual and fourth quarter results

WOODBRIDGE, ON, Dec. 17, 2013 /CNW/ - Consolidated HCI Holdings Corporation today announced its annual and fourth quarter results for fiscal 2013.

      3 months ended
September 30
12 months ended
September 30
      2013 2012 2013 2012
($000's except earnings per share)            
             
Revenue     $770 $1,282 $4,441 $8,537
             
Net earnings for the year     $61 $1,449  $6,917 $7,993
             
Earnings per share     $0.01 $0.07 $0.34 $0.39

Net earnings for the year ended September 30, 2013 includes $5,780 or $0.28 per share of income tax recovery in the second quarter of 2013 resulting from the reversal of income tax provisions no longer considered necessary.

Net earnings for the year ended September 30, 2012 includes $6,700 or $0.33 per share of income tax recovery in the third quarter of 2012 resulting from the reversal of income tax provisions no longer considered necessary.

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, CFO
905-851-7741 (106)


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