Halmont Properties Corporation

November 25, 2010 11:23 ET

Halmont Properties Corporation: Nine Month Results

TORONTO, ONTARIO--(Marketwire - Nov. 25, 2010) - HALMONT PROPERTIES CORPORATION (TSX VENTURE:HHC) announced today that the net income for the nine month period ended September 30, 2010 was $595 thousand or $0.01 per share as compared to $1,882 thousand or $0.02 per share for the nine month period ended September 30, 2009.

Earnings for the nine months ended September 30, 2010 are lower than those in 2009 as income in 2009 included an investment gain of $ 697 thousand and a tax recovery of $ 332 thousand, neither of which occurred in 2010.

    Nine months ended September 30
  (in thousands)   2010 2009
  Revenue $ 1,510 $ 2,581
  Net income $ 595 $ 1,882
  Net income per share $ 0.01 $ 0.02

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

This news 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 on 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
    416-203-9931 (FAX)