Consolidated HCI Holdings Corporation Announces its 2019 Third Quarter Results

CONCORD, ON, Aug. 7, 2019 /CNW/ - Consolidated HCI Holdings Corporation today announced its fiscal 2019 third quarter results.

	3 months ended June 30		9 months ended June 30
	2019	2018	2019	2018
($000's except earnings per share)
Revenue	$-	$22	$5	$59
Net loss for the period	$(63)	$(74)	$(297)	$(278)
Loss per share	$(0.003)	$(0.004)	$(0.014)	$(0.014)

Net earnings for the nine months of 2019 include a $29 cost sharing recovery from a prior year land development project.

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.

With the sale of its investment properties on June 30, 2017, as previously reported, 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 TSX Venture Exchange (NEX) under the symbol "CXA.H"

SOURCE Consolidated HCI Holdings Corporation

Mr. Arnold J. Resnick, CPA, CA, Chief Financial Officer, 905-669-3685

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