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SNI.PR.A Sonor Investments Ltd

5.15
0.00 (0.00%)
11 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 20:29:22

Sonor Investments Limited Reports Financial Results for the Year Ended December 31, 2013 and Three Months Ended March 31, 2014

21/04/2014 8:47pm

Marketwired Canada


Sonor Investments Limited (TSX VENTURE:SNI.PR.A) today reported its financial
results for the year ended December 31, 2013 and the three months ended March
31, 2014. 




                                             Year ended     3 months ended  
                                             December 31       March 31     
                                                                            
                                              2013    2012    2014     2013 
                                              $000    $000    $000     $000 
----------------------------------------------------------------------------
                                                                            
Revenue                                      3,972   4,777     152      129 
                                                                            
Net Income (loss)                            3,355   4,278      (8)     (14)
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Tom Vandepeer, President, stated that as at March 31, 2014 the Company's assets
totaled $57.3 million, up slightly from total assets of $57.1 million as at
December 31, 2013. These assets as at March 31, 2014 included $12.9 million of
marketable securities, $35.6 million in a private investment and $8.7 million of
cash and cash equivalents.


During the year ended December 31, 2013, the Company realized $21,000 in net
capital gains on the sale of investments and recorded an impairment of $119,000
on one of its security investments. This compares to net capital gains of
$825,000 on the sale of investments during the year ended December 31, 2012.
During the three months ended March 31, 2014, the company realized $12,000 in
net capital gains on the sale of investments compared to no capital gains or
losses 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 Company's 9% first Preference Shares has been declared payable on
September 15, 2014 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, 2014.


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. Tom Vandepeer
President
(416) 369-1499


Sonor Investments Limited
Mr. Stephen Mills
Treasurer & CFO
(416) 369-1499

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