Sonor Investments Limited Reports Financial Results for the Year Ended December 31, 2010 and Declares Semi-Annual Dividend
2011年4月29日 - 5:41AM
Marketwired
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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