Business
Franco-Nevada Reports Major Growth with its 2010 Results and Increases Dividend by 60%
Mar. 24, 2011 (Canada NewsWire Group) -- 2010 Highlights (US dollars unless otherwise not...
About this update from Franco-nevada Corporation
[{"type":"text","content":"\n\n\n Mar. 24, 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\n2010 Highlights (US dollars unless otherwise noted)\n\n\n\nRoyalty Revenue(1) of $205.4 million, a 44% increase year-over-year.\n\n\nFree Cash Flow(2) of $184.8 million, a 49% increase year-over-year.\n\n\nAdjusted Net Income(3) of $58.9 million (or $0.52 per share), a 84% increase year-over-year.\n\n\nAcquisition of Gold Wheaton completed in March 2011 adds to 2011 growth\n outlook.\n\n\nMonthly dividend increases 60% to US$0.04 per share starting with July\n 2011 payment.\n\n\n\nTORONTO, March 24 /CNW/ - Franco-Nevada Corporation (TSX: FNV) today\n reported its financial results for the three and twelve months ended\n December 31, 2010.  All figures are in US dollars unless otherwise\n noted. The complete Financial Statements and Management's Discussion\n and Analysis can be found today on Franco-Nevada's website at www.franco-nevada.com and by tomorrow on www.sedar.com.\n\n\nSelected Quarterly and Annual Financial Information: \n\n\n(Thousands of US dollars, except per share amounts)\n\n\n\n\n \n\n\n \n\n\nQ4 \n2010\n\n\nQ4 \n2009\n\n\n \n\n\nFiscal\n2010\n\n\n \n\n\nFiscal \n2009\n\n\n\n\nRoyalty Revenue(1)\n\n\n$\n\n\n69,416\n\n\n$\n\n\n44,291\n\n\n$\n\n\n205,416\n\n\n$\n\n\n142,804\n\n\n\n\nTotal Revenue(4)\n\n\n \n\n\n76,173\n\n\n \n\n\n80,443\n\n\n \n\n\n233,326\n\n\n \n\n\n199,728\n\n\n\n\nNet Income\n\n\n \n\n\n20,952\n\n\n \n\n\n39,650\n\n\n \n\...