Consolidated HCI Holdings Corporation Announces its 2019 Annual and Fourth Quarter Results
January 14 2020 - 4:22PM
PR Newswire (Canada)
VAUGHAN, ON, Jan. 14, 2020 /CNW/ - Consolidated HCI Holdings
Corporation today announced its annual and fourth quarter results
for fiscal 2019.
|
3 months
ended
September
30
|
12 months
ended
September
30
|
|
2019
|
2018
|
2019
|
2018
|
($000's except
earnings per share)
|
|
|
|
|
|
|
|
|
|
Revenue
|
$ -
|
$20
|
$5
|
$79
|
|
|
|
|
|
Net earnings
(loss)
|
$(29)
|
$(111)
|
$(326)
|
$(328)
|
|
|
|
|
|
Earnings (loss) per
share
|
$(0.001)
|
$(0.006)
|
$(0.016)
|
$(0.016)
|
Revenue in 2019 and 2018 includes only interest income with no
revenue from active business operations since, as previously
announced, the Company sold its two remaining investment properties
at the end of the third quarter of 2017 and wound up the last of
its house building co-tenancies at the end of the third quarter of
2018.
The net loss for 2019 was reduced by $29 as a result of a cost recovery related to a
prior land sale.
The net loss for 2018 was reduced by 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.
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
Copyright 2020 Canada NewsWire
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