SNI.PR.A Sonor Investments Ltd

Sonor Investments Limited (TSX VENTURE:SNI.PR.A) today reported its financial
results for the year ended December 31, 2011 and the three months ended March
31, 2012. 




                    Year ended December 31          3 months ended March 31
                                                                           
                           2011       2010                 2012        2011
                           $000       $000                 $000        $000
---------------------------------------------------------------------------
                                                                           
Revenue                   5,018      5,034                  826         178
                                                                           
Net Income (loss)         4,526      4,578                  679          44
---------------------------------------------------------------------------
                                                                           
---------------------------------------------------------------------------
---------------------------------------------------------------------------



Michael Gardiner, President and Chief Executive Officer, stated that as at March
31, 2012 the Company's assets totaled $55.9 million, up slightly from total
assets of $55.7 million as at December 31, 2011. These assets as at March 31,
2012 included $12.6 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, 2011, the Company realized $1,049,000 in net
capital gains on the sale of investments. This compares to net capital gains of
$1,142,000 on the sale of investments during the year ended December 31, 2010.
During the three months ended March 31, 2011, the company realized net capital
gains of $715,000 on the sale of investments compared to net capital gains of
$62,000 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, 2012 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, 2012.


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.

Sonor Investments (TSXV:SNI.PR.A)
Gráfico Histórico do Ativo
De Nov 2024 até Dez 2024

Sonor Investments (TSXV:SNI.PR.A)
Gráfico Histórico do Ativo
De Dez 2023 até Dez 2024