Sonor Investments Limited Reports Third Quarter Financial Results

Sonor Investments Limited (TSX VENTURE:SNI.PR.A) today reported its financial
results for the nine months ended September 30, 2010. 




                   9 months ended September 30  3 months ended September 30 
                            2010          2009            2010         2009 
                   $         000 $         000  $          000 $        000 
----------------------------------------------------------------------------
                                                                            
Revenue                    1,404            57           1,116         (245)
                                                                            
Net Income (loss)          1,030          (602)            959         (374)
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
----------------------------------------------------------------------------



Michael Gardiner, President and Chief Executive Officer, stated that as at
September 30, 2010 the Company's assets totaled $50.8 million. These assets
included $12.2 million of marketable securities, $31.9 million in a private
investment and $6.7 million of cash and cash equivalents.


During the nine months ended September 30, 2010, the Company realized net
capital gains of $1,020,000 on the sale of investments. In the comparable period
for 2009 there were net capital losses of $349,000 on the sale of investments
together with an impairment write down of $345,000. During the three months
ended September 30, 2010, Sonor realized net capital gains of $1,011,000 on the
sale of investments compared to net capital losses of $335,000 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 Company has begun the implementation of its International Financial
Reporting Standards ("IFRS") changeover plan required by financial regulators in
Canada commencing January 1, 2011. It is not expected that the IFRS will
materially impact 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)
과거 데이터 주식 차트
부터 5월(5) 2024 으로 6월(6) 2024