Business
Franco-Nevada Reports Record Q3 Results, New Royalties and Start of NYSE Trading
Q3 2011 Highlights (US dollars) Record quarterly revenue of $113.3 million, a 106%...
About this update from Franco-nevada Corporation
[{"type":"text","content":"\n\n\n\n\n\nQ3 2011 Highlights (US dollars)\n\n\nRecord quarterly revenue of $113.3 million, a 106% increase\n year-over-year;\n\n\nRecord quarterly net income of $44.1 million;\n\n\nCompleted or announced $100 million in new royalty transactions;\n\n\nNYSE trading began September 8th, 2011.\n\n\nTORONTO, Nov. 8, 2011 /CNW/ - Franco-Nevada Corporation (TSX: FNV, NYSE:\n FNV) today reported its financial results for the three and nine months\n ended September 30, 2011.  Effective January 1, 2011, Franco-Nevada\n adopted International Financial Reporting Standards (\"IFRS\") with all\n financial information presented in accordance with IFRS. All figures\n are in US dollars unless otherwise noted. The complete interim\n Financial Statements and Management's Discussion and Analysis can be\n found on Franco-Nevada's website at www.franco-nevada.com.\n\n\nSelected Financial Information: \n\n\n(Millions of US dollars, except per share amounts)\n\n\n \n\n\nThree months ended September 30,\n\n\nNine months ended September 30,\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n2011\n\n\n2010\n\n\n \n\n\n2011\n\n\n \n\n\n2010\n\n\nRevenue\n\n\n \n\n\n$\n\n\n113.3\n\n\n$\n\n\n55.0\n\n\n$\n\n\n292.7\n\n\n$\n\n\n152.3\n\n\nOperating income\n\n\n \n\n\n$\n\n\n57.5\n\n\n$\n\n\n23.3\n\n\n$\n\n\n135.7\n\n\n$\n\n\n57.0\n\n\nNet income\n\n\n \n\n\n$\n\n\n44.1\n\n\n$\n\n\n8.1\n\n\n$\n\n\n98.6\n\n\n$\n\n\n45.4\n\n\nBasic earnings per share\n\n\n \n\n\n$\n\n\n0.35\n\n\n$\n\n\n0.07\n\n\n$\n\n\n0.80\n\n\n$\n\n\n0.40\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\nAdjusted Net Income(1)\n\n \n\n\n$\n\n\n39.8\n\n\n$\n\n\n13.8\n\n\n$\n\n\n94.3\n\n\n$\n\n\n28.7\n\n\nAdjusted Net Income(1) per share\n\n\n \n\n\n$\n\n\n0.31\n\n\n$\n\n\n0.12\n\n\n$\n\n\n0.76\n\n\n$\n\n\n0.25\n\n\nAdjusted EBITDA(2)\n\n \n\n\n$\n\n\n92.2\n\n\n$\n\n\n43.0\n\n\n$\n\n\n233.1\n\n\n$\n\n\n118.6\n\n\nAdjusted EBITDA(2) per share\n\n\n \n\n\n$\n\n\n0.73\n\n\n$\n\n\n0.38\n\n\n$\n\n\n1.89\n\n\n$\n\n\n1.04\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\nAs atSept. 30, 2011\n\n\nAs at\nDec. 30,\n2010\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\nWorking capi...