Sonor Investments Limited Reports Third Quarter Financial Results
November 25 2013 - 12:47PM
Marketwired Canada
Sonor Investments Limited (TSX VENTURE:SNI.PR.A) today reported its financial
results for the nine months ended September 30, 2013.
9 months ended September 30 3 months ended September 30
2013 2012 2013 2012
$000 $000 $000 $000
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Revenue 449 1,227 174 124
Net Income
(loss) 44 820 17 (33)
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Michael Gardiner, President and Chief Executive Officer, stated that as at
September 30, 2013 the Company's assets totaled $56.5 million. These assets
included $12.1 million of marketable securities, $35.6 million in a private
investment and $8.7million of cash and cash equivalents.
During the nine months ended September 30, 2013, the Company realized no capital
gains or losses on the sale of investments. In the comparable period for 2012
there were net capital gains of $825,000. During the three months ended
September 30, 2013 and the three months ended September 30, 2012, Sonor realized
no capital gains or losses on the sale of investments.
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 company 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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