2008-08-22 09:06:00
TORONTO, ONTARIO–(EMWNews – Aug. 22, 2008) – Sonor Investments Limited (TSX VENTURE:SNI.PR.A) today reported its financial results for the six months ended June 30, 2008.
6 months ended June 30 3 months ended June 30
2008 2007 2008 2007
$000 $000 $000 $000
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Revenue 606 1,080 231 419
Net Income 198 667 260 385
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Michael Gardiner, President and Chief Executive Officer, stated that as at June 30, 2008 the Company’s assets totaled $48.9 million. These assets included $16.5 million of marketable securities, $31.9 million in a private investment and $0.5 million of cash and cash equivalents.
During the six months ended June 30, 2008, the Company realized $55,000 in net capital losses on the sale of investments compared to net capital losses of $284,000 during the six months ended June 30, 2007. During the three months ended June 30, 2008, Sonor realized net capital gains of $82,000 on the sale of investments compared to no net capital gains or losses during the corresponding period of the previous year.
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.
For more information, please contact Sonor Investments Limited or Sonor Investments Limited |
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