Consolidated HCI Holdings Corporation Announces its 2018 First Quarter Results

WOODBRIDGE, ON, Feb. 23, 2018 /CNW/ - Consolidated HCI Holdings Corporation today announced its fiscal 2018 first quarter results.

			3 months ended December 31
			2017	2016
($000's except earnings per share)
Revenue			$19	$314
Net earnings (loss) for the period			$(134)	$844
Earnings (loss) per share			$(0.01)	$0.04

Net earnings for the first three months of 2016 include rental revenue from the Company's investment properties of $287 and fair value gains on these investment properties of $1,027. As previously reported, these investment properties were sold on June 30, 2017.

With the sale of its investment properties, the Company discontinued and divested a substantial portion of its operations and has ceased to be actively engaged in ongoing business.

Consolidated HCI Holdings Corporation is an Ontario-based company that trades on the NEX board under the symbol "CXA.H"

SOURCE Consolidated HCI Holdings Corporation

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