Sonor Investments Limited
TSX VENTURE : SNI.PR.A

August 20, 2013 16:29 ET

Sonor Investments Limited Reports Second Quarter Financial Results

TORONTO, ONTARIO--(Marketwired - Aug. 20, 2013) - Sonor Investments Limited (TSX VENTURE:SNI.PR.A) today reported its financial results for the six months ended June 30, 2013.

6 months ended June 30 3 months ended June 30
2013 2012 2013 2012
$000 $000 $000 $000
Revenue 275 1,103 146 277
Net Income 27 853 41 174

Michael Gardiner, President and Chief Executive Officer, stated that as at June 30, 2013 the Company's assets totaled $56.2 million. These assets included $12.6 million of marketable securities, $35.6 million in a private investment and $7.8 million of cash and cash equivalents.

During the six months ended June 30, 2013, the Company realized no capital gains or losses on the sale of investments compared to net capital gains of $825,000 during the six months ended June 30, 2012. During the three months ended June 30, 2013, Sonor realized no capital gains or losses on the sale of investments compared to net capital gains of $110,000 during the corresponding period of the previous year.

During the period under review, the Company has maintained net assets and qualified investments in excess of the amounts prescribed under the share conditions pertaining to the First Preference Shares in its capital stock.

Sonor Investments Limited is an investment corporation located in Toronto, Canada. The First Preference Shares of Sonor trade on The TSX Venture Exchange under the symbol SNI.PR.A.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Sonor Investments Limited
    Mr. Michael Gardiner
    President and CEO
    (416) 369-1499

    Sonor Investments Limited
    Mr. Stephen Mills
    Treasurer & CFO
    (416) 369-1499