Business
Franco-Nevada Reports First Quarter Results
May 12, 2011 (Canada NewsWire Group) -- Q1 2011 Highlights (US dollars unless otherwise n...
About this update from Franco-nevada Corporation
[{"type":"text","content":"\n\n\n May 12, 2011 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nQ1 2011 Highlights (US dollars unless otherwise noted)\n\n\n\nRevenue of $73.1 million, a 56% increase year-over-year.\n\n\nAdjusted Net Income(1) of $21.4 million (or $0.18 per share), a 157% increase year-over-year.\n\n\nAdjusted EBITDA(2) of $50.6 million (or $0.43 per share), a 38% increase year-over-year.\n\n\nAcquisition of Gold Wheaton completed, adding to 2011 growth outlook.\n\n\n\nTORONTO, May 12 /CNW/ - Franco-Nevada Corporation (TSX: FNV) today\n reported its financial results for the three months ended March 31,\n 2011.  Effective January 1, 2011, Franco-Nevada adopted International\n Financial Reporting Standards ("IFRS") with comparative financial\n information restated in accordance with IFRS. All figures are in US\n dollars unless otherwise noted. The complete interim Financial\n Statements and Management's Discussion and Analysis can be found today\n on Franco-Nevada's website at www.franco-nevada.com and by tomorrow on SEDAR at www.sedar.com.\n\n\nSelected Quarterly Financial Information: \n(Millions of US dollars, except per share amounts)\n\n\n\n\n\n\n \n\n\n \n\n\nQ1\n2011\n\n\nQ1\n2010\n\n\n\n\nRevenue\n\n\n$\n\n\n73.1\n\n\n$\n\n\n47.0\n\n\n\n\nOperating income\n\n\n \n\n\n33.0\n\n\n \n\n\n17.5\n\n\n\n\nNet Income\n\n\n \n\n\n21.2\n\n\n \n\n\n15.0\n\n\n\n\nBasic Earnings per Share\n\n\n$\n\n\n0.18\n\n\n$\n\n\n0.13\n\n\n\n\n \n\n\n \n\n\n&#...