Sonor Investments Limited Reports Financial Results for the Year Ended December 31, 2012 and Three Months Ended March 31, 2013
23 April 2013 - 5:59AM
Marketwired Canada
Sonor Investments Limited (TSX VENTURE:SNI.PR.A) today reported its financial
results for the year ended December 31, 2012 and the three months ended March
31, 2013.
Year ended 3 months ended
December 31 March 31
2012 2011 2013 2012
$000 $000 $000 $000
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Revenue 4,777 5,018 129 826
Net Income (loss) 4,278 4,526 (14) 679
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Michael Gardiner, President and Chief Executive Officer, stated that as at March
31, 2013 the Company's assets totaled $56.6 million, up slightly from total
assets of $56.3 million as at December 31, 2012. These assets as at March 31,
2013 included $13.2 million of marketable securities, $35.6 million in a private
investment and $7.7 million of cash and cash equivalents.
During the year ended December 31, 2012, the Company realized $825,000 in net
capital gains on the sale of investments. This compares to net capital gains of
$1,049,000 on the sale of investments during the year ended December 31, 2011.
During the three months ended March 31, 2013, the company realized no capital
gains or losses on the sale of investments compared to net capital gains of
$715,000 during the corresponding period of the previous year.
During the periods 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.
As well, the Company announces that a semi-annual dividend of $0.225 per share
on the Corporation's 9% first Preference Shares has been declared payable on
September 15, 2013 at a meeting of its Board of Directors. The dividend will be
paid to shareholders of record at the close of business on September 1, 2013.
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.
FOR FURTHER INFORMATION PLEASE CONTACT:
Sonor Investments Limited
Mr. Michael Gardiner
President and CEO
(416) 369-1499
(416) 369-0280 (FAX)
Sonor Investments Limited
Mr. Stephen Mills
Treasurer & CFO
(416) 369-1499
(416) 369-0280 (FAX)
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