SNI.PR.A Sonor Investments Ltd

Sonor Investments Limited (TSX VENTURE:SNI.PR.A) today reported its financial
results for the six months ended June 30, 2012. 




              6 months ended June 30  3 months ended June 30
                                                            
                    2012        2011        2012        2011
                    $000        $000        $000        $000
------------------------------------------------------------
                                                            
Revenue            1,103         355         277         177
                                                            
Net Income           853         101         174          57
                                                            
------------------------------------------------------------
                                                            
------------------------------------------------------------
------------------------------------------------------------



Michael Gardiner, President and Chief Executive Officer, stated that as at June
30, 2012 the Company's assets totaled $55.7 million. These assets included $12.4
million of marketable securities, $35.6 million in a private investment and $7.6
million of cash and cash equivalents.


During the six months ended June 30, 2012, the Company realized net capital
gains of $825,000 on the sale of investments compared to net capital gains of
$62,000 during the six months ended June 30, 2011. During the three months ended
June 30, 2012, Sonor realized net capital gains of $110,000 on the sale of
investments compared to no capital gains or losses 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.


The financial statements for the periods ending June 30, 2012 incorporate the
International Financial Reporting Standards ("IFRS") required by financial
regulators in Canada commencing January 1, 2011. This transition to IFRS has
little impact on the Company's operating results.


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.

Sonor Investments (TSXV:SNI.PR.A)
Historical Stock Chart
From Nov 2024 to Dec 2024

Sonor Investments (TSXV:SNI.PR.A)
Historical Stock Chart
From Dec 2023 to Dec 2024