Consolidated HCI Holdings Corporation Announces its 2013 Second Quarter Results

WOODBRIDGE, ON, May 13, 2013 /CNW/ - Consolidated HCI Holdings Corporation today announced its fiscal 2013 second quarter results.

	3 months ended March 31		6 months ended March 31
	2013	2012	2013	2012
($000's except earnings per share)
Revenue	$782	$1,909	$1,465	$4,481
Net earnings for the period	$6,061	$   188	$6,135	$   371
Earnings per share	$0.30	$   0.01	$0.30	$   0.02

Net earnings for the six months ended March 31, 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.

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

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