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SNI.PR.A Sonor Investments Ltd

5.15
0.00 (0.00%)
12 Dec 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Sonor Investments Ltd TSXV:SNI.PR.A TSX Venture Preference Share
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.00 0.00% 5.15 5.15 5.72 0 18:46:23

Sonor Investments Limited Reports Financial Results for the Year Ended December 31, 2010 and Declares Semi-Annual Dividend

28/04/2011 9:41pm

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Sonor Investments Limited (TSX VENTURE: SNI.PR.A) today reported its financial results for the year ended December 31, 2010.


                                                      Year ended December 31

                                                       2010             2009
                                                       $000             $000
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Revenue                                               5,034            3,574

Net Income (loss)                                     4,578            2,783
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Michael Gardiner, President and Chief Executive Officer, stated that as at December 31, 2011 the Company's assets totaled $51.3 million, up from total assets of $49.6 million as at December 31, 2009. These assets as at December 31, 2010 included $14.6 million of marketable securities, $31.9 million in a private investment, $4.8 million of cash and cash equivalents.

During the year ended December 31, 2010, the Company realized $1,142,000 in net capital gains on the sale of investments. This compares to net capital losses of $349,000 on the sale of investments and $345,000 on the value of investments during the year ended December 31, 2009.

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.

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, 2011 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, 2011.

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.

Contacts: Company Contacts: 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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