Halmont Properties Corporation
TSX VENTURE : HHC

October 29, 2007 17:11 ET

Halmont Properties Corporation 2007 Year End Results

TORONTO, ONTARIO--(Marketwire - Oct. 29, 2007) - HALMONT PROPERTIES CORPORATION (TSX VENTURE:HHC) announced today that the net income for the year ended June 30, 2007 was $8.6 million or $0.11 per share as compared to a loss of $0.01 million or $Nil per share for the same period in 2006. The increase in net income is largely attributable to a pre-tax gain on the sale of real estate of $10.7 million.



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(in thousands) Year ended June 30, 2007 Year ended June 30, 2006
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Revenue $13,106 $256

Net income (loss) $8,595 ($16)

Net income per share $0.11 -

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Halmont Properties Corporation invests directly in real estate and securities of companies with real estate interests.

This press release includes certain forward looking statements including management's assessment of the Company's future plans and operations based on current views and expectations. All statements other than statements of historic facts are forward looking statements. These statements contain substantial known and unknown risks and uncertainties, some of which are beyond the Company's control. The Company's actual results, performance, or achievement could differ materially from those expressed in, or implied by, these forward looking statements. Readers should not place undue reliance on these forward looking statements which represent estimates and assumptions only as of the date which such statements are made. The Company undertakes no obligation to publicly revise or update any forward looking statements, whether as a result of new information, future events or otherwise.

Contact Information

  • Halmont Properties Corporation
    Edward C. Kress
    President
    (416) 956-5140
    (416) 203-9931 (FAX)