WOODBRIDGE, ON, Aug. 14, 2018 /CNW/ – Consolidated HCI Holdings Corporation today announced its fiscal 2018 third quarter results.
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3 months ended June 30 |
9 months ended June 30 |
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2018 |
2017 |
2018 |
2017 |
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($000’s except earnings per share) |
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Revenue |
$22 |
$264 |
$59 |
$943 |
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Net earnings (loss) for the period |
$(74) |
$ 1,705 |
$(278) |
$2,181 |
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Earnings (loss) per share |
$ – |
$ 0.09 |
$(0.01) |
$0.11 |
Net earnings for the first nine months of 2018 include foreign exchange gains of $110 and $56 of cost recoveries from the Company’s house building co-tenancies which were wound up in the third quarter.
Net earnings for the first nine months of 2017 include a $1,814 gain on the sale of a marketable security investment, rental revenue from the Company’s investment properties of $864 and fair value gains on those investment properties of $793. As previously reported, the investment properties were sold on June 30, 2017.
With the sale of its investment properties in 2017, the Company discontinued and divested a substantial portion of its operations and ceased to be actively engaged in ongoing business.
Consolidated HCI Holdings Corporation is an Ontario-based company that trades on the TSX Venture Exchange (NEX) under the symbol “CXA.H”
SOURCE Consolidated HCI Holdings Corporation
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