Sonor Investments Limited Reports Third Quarter Financial Results
14 Noviembre 2017 - 12:10PM
Sonor Investments Limited (TSXV:SNI.PR.A) today reported its
financial results for the nine months ended September 30,
2017.
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9 months ended September 30 |
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3 months ended September 30 |
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2017 |
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2016 |
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2017 |
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2016 |
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$000 |
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$000 |
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$000 |
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$000 |
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Revenue |
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4,895 |
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4,863 |
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117 |
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497 |
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Net Income (loss) |
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4,510 |
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4,483 |
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(22 |
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355 |
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Michael Gardiner, Chairman and CEO, stated that as at September
30, 2017 the Company’s assets totaled $65.8 million. These
assets included $10.5 million of marketable securities, $35.6
million in a private investment and $19.7 million of cash, cash
equivalents and short term investments.
During the nine months ended September 30, 2017, the Company
realized $1,102,000 of net capital gains on the sale of
investments. In the comparable period for 2016 the Company
realized $1,095,000 of net capital gains on the sale of
investments. During the three months ended September 30, 2017 there
were no capital gains compared to $358,000 of net capital gains on
the sale of investments during the three months ended September 30,
2016.
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.
Company Contacts:
Mr. Michael Gardiner Chairman and CEO(416) 369-1499
Mr. David MiddletonTreasurer & CFO(416) 369-1499
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