Business
Franco-Nevada Announces Third Quarter Results and 20% Dividend Increase
Revenue of $105.2 million, 91% from precious metals; Net Income of $52.0 million, o...
About this update from Franco-nevada Corporation
[{"type":"text","content":"\n\n\n\n\n\nRevenue of $105.2 million, 91% from precious metals;\n\n\nNet Income of $52.0 million, or $0.36 per share; \n\n\nAdjusted Net Income of $45.3 million, or $0.31 per share; \n\n\nC$400 million royalty acquisition on the Weyburn Oil Unit; and\n\n\nMonthly dividend increased to $0.06 per share, a 20% increase.\n\n\nTORONTO, Nov. 6, 2012 /CNW/ - Franco-Nevada Corporation (TSX: FNV; NYSE:\n FNV) today reported its financial results for the three and nine months\n ended September 30, 2012. Financial results are prepared in accordance\n with IFRS and expressed in U.S. dollars. The Company's Consolidated\n Condensed Interim Financial Statements and Management's Discussion and\n Analysis can be found today on Franco-Nevada's website at www.franco-nevada.com.\n\n\nSelected Financial Information: \n(Millions of U.S. dollars, except per share amounts)\n\n \n\n\nThree months endedSeptember 30,\n\n\nNine months endedSeptember 30,\n\n\n \n\n\n \n\n\n2012\n\n\n2011\n\n\n \n\n\n2012\n\n\n \n\n\n2011\n\n\nRevenue\n\n\n$\n\n\n105.2\n\n\n$\n\n\n113.3\n\n\n$\n\n\n312.9\n\n\n$\n\n\n292.7\n\n\nOperating income\n\n\n \n\n\n55.0\n\n\n \n\n\n57.5\n\n\n \n\n\n160.2\n\n\n \n\n\n135.7\n\n\nNet income\n\n\n \n\n\n52.0\n\n\n \n\n\n44.1\n\n\n \n\n\n135.7\n\n\n \n\n\n98.6\n\n\nBasic earnings per share\n\n\n$\n\n\n0.36\n\n\n$\n\n\n0.35\n\n\n$\n\n\n0.95\n\n\n$\n\n\n0.80\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\nAdjusted Net Income(1)\n\n$\n\n\n45.3\n\n\n$\n\n\n39.8\n\n\n$\n\n\n124.0\n\n\n$\n\n\n94.3\n\n\nAdjusted Net Income(1) per share\n\n\n$\n\n\n0.31\n\n\n$\n\n\n0.31\n\n\n$\n\n\n0.87\n\n\n$\n\n\n0.76\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\nAdjusted EBITDA(2)\n\n$\n\n\n86.2\n\n\n$\n\n\n92.2\n\n\n$\n\n\n254.1\n\n\n$\n\n\n233.1\n\n\nAdjusted EBITDA(2) per share\n\n\n$\n\n\n0.59\n\n\n$\n\n\n0.73\n\n\n$\n\n\n1.78\n\n\n$\n\n\n1.89\n\n\n \n\n\n \n\n\n \n\n\n \n\n\nAs at September 30, 2012\n\n\n  As at\n Dec. 31, 2011\n\n\nWorking capital\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n$\n\n\n1,181.6\n\n\n$\n\n\n851.1\n\n\nTotal assets\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n3,308.9\n\n\n...