Sonor Investments Limited announces second quarter financial results

Sonor Investments Limited announces second quarter financial results

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TORONTO, Aug. 09, 2022 (GLOBE NEWSWIRE) — Sonor Investments Limited today released its financial results for the six months ended June 30, 2022.

6 months to June 30th 3 months to 30.06
2022
$000
2021
$000
2022
$000
2021
$000
revenue (23 ) 2,262 (749 ) 1,068
net income (300 ) 1,947 (862 ) 922

Michael Gardiner, Chairman and CEO, stated that the company’s assets totaled $72.5 million as of June 30, 2022. These assets included marketable securities of $14.0 million, a private investment of $35.6 million, cash and cash equivalents of $19.5 million and receivables of 3, $4 million.

For the six months ended June 30, 2022, the Company realized capital gains of $1,017,230 on the sale of investments compared to capital gains of $322,152 for the six months ended June 30, 2021.

During the period, the Company held net assets and qualifying investments in excess of the amounts required by the Share Conditions for the First Preference Shares in its share capital.

Sonor Investments Limited is an investment company based in Toronto, Canada. Sonor’s initial preferred stock will 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.

CONTACT: Company Contacts:

Mr. Michael Gardiner
Chairman and CEO
(416) 369-1499

Ms. Rosabell Chung Hun
Treasurer & CFO
(416) 369-1499



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