Consolidated HCI Holdings Corporation announces its 2013 third quarter results

WOODBRIDGE, ON, Aug. 7, 2013 /CNW/ - Consolidated HCI Holdings Corporation today announced its fiscal 2013 third quarter results.

		3 months ended June 30				9 months ended June 30
		2013		2012		2013		2012
($000's except earnings per share)
Revenue		$1,409		$2,774		$2,874		$7,255
Net earnings for the period		$721		$   6,173		$6,856		$   6,544
Earnings per share		$0.03		$   0.30		$0.33		$   0.32

Net earnings for the nine months ended June 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 nine months ended June 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

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