Sonor Investments has reported a revenue of $98,000 for the second quarter ended June 30, 2009, compared to a revenue of $231,000 for the same period in 2008.
The Canada-based company has posted a net loss of $22,000 for the second quarter ended June 30, 2009, compared to a net income of $260,000 for the same period in 2008.
For the six months ended June 30, 2009, the company reported a revenue of $316,000, compared to $606,000 for the same period in 2008. Net loss was $228,000, as compared to a net income of $198,000 for the same period in 2008.
During the six months ended June 30, 2009, the company recognized a write down of $345,000 on the value of its investments, as compared to a write down of $140,000 for the same period in 2008.
During the three months ended June 30, 2009, Sonor realized net capital losses of $55,000 on the sale of investments compared to net capital gains of $82,000 during the corresponding period of 2008.
Michael Gardiner, president and CEO of Sonor Investments, stated that as at June 30, 2009, the company’s assets totaled $46.9 million. These assets included $8 million of marketable securities, $31.9 million in a private investment and $6.2 million of cash and cash equivalents.
