Sonor Investments Limited Reports Second Quarter Financial Results
20 Agosto 2013 - 10:29PM
Marketwired Canada
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
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Revenue 275 1,103 146 277
Net Income 27 853 41 174
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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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Sonor Investments Limited
Mr. Michael Gardiner
President and CEO
(416) 369-1499
Sonor Investments Limited
Mr. Stephen Mills
Treasurer & CFO
(416) 369-1499
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