Sonor Investments Limited
TSX VENTURE : SNI.PR.A

August 27, 2007 16:29 ET

Sonor Investments Limited Reports Second Quarter Financial Results

TORONTO, ONTARIO--(Marketwire - Aug. 27, 2007) - Sonor Investments Limited (TSX VENTURE:SNI.PR.A) today reported its financial results for the six months ended June 30, 2007.



6 months ended June 30 3 months ended June 30
2007 2006 2007 2006
$ 000 $ 000 $ 000 $ 000
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Revenue 796 (1,515) 419 (1,474)
Net Income (loss)
for the period 667 (1,646) 385 (1,540)
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Michael Gardiner, President and Chief Executive Officer, stated that as at June 30, 2007 the Company's assets totaled $65.3 million. These assets included $29.2 million of marketable securities, $31.9 million in a private investment and $4.2 million of cash and cash equivalents.

During the six months ended June 30, 2007, the Company realized $284,000 in net capital losses on the sale of investments compared to net capital losses of $2,052,000 during the six months ended June 30, 2006. During the three months ended June 30, 2007, Sonor realized no net capital gains or losses on the sale of investments compared to net capital losses of $1,559,000 during the corresponding period of the previous year.

Most of the realized capital losses noted herein were a result of the Corporation selling foreign currency-denominated investments whose value upon conversion to Canadian dollars had eroded due to the strengthening Canadian dollar.

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.

Contact Information

  • Sonor Investments Limited
    Mr. Michael Gardiner
    President and CEO
    (416) 369-1499
    or
    Sonor Investments Limited
    Mr. Stephen Mills
    Treasurer & CFO
    (416) 369-1499
    (416) 369-0280 (FAX)