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Sonor Investments Limited Reports Third Quarter Financial Results

/EINPresswire.com/ -- TORONTO, ONTARIO -- (Marketwired) -- 11/24/15 -- Sonor Investments Limited (TSX VENTURE: SNI.PR.A) today reported its financial results for the nine months ended September 30, 2015.


                    9 months ended September 30  3 months ended September 30
                         2015          2014           2015          2014
                         $000          $000           $000          $000
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Revenue                  563           444            122           129

Net Income (loss)        174            68            (25)          (8)

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Michael Gardiner, Chairman and CEO, stated that as at September 30, 2015 the Company's assets totaled $57.1 million. These assets included $13.0 million of marketable securities, $35.6 million in a private investment and $8.3 million of cash and cash equivalents.

During the nine months ended September 30, 2015, the Company realized $184,000 of net capital gains on the sale of investments. In the comparable period for 2014 the Company realized $36,000 of net capital gains on the sale of investments. During the three months ended September 30, 2015 there were no capital gains or losses compared to $24,000 of net capital gains on the sale of investments during the three months ended September 30, 2014.

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.

Contacts:
Sonor Investments Limited
Mr. Michael Gardiner
Chairman and CEO
(416) 369-1499

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