Brief: Labrador Iron Ore Royalty Q2 Earnings Per Share C$0.95

Labrador Iron Ore Royalty

14/08/2019 23:22

Aug 14 (Reuters) - Labrador Iron Ore Royalty Corp  LIF.TO :
    * ORATION RESULTS FOR THE SECOND QUARTER ENDED JUNE 30, 2019
    * Q2 EARNINGS PER SHARE C$0.95
    * Q2 EARNINGS PER SHARE ESTIMATE C$1.14 -- REFINITIV IBES
DATA
    * ROYALTY REVENUE FOR Q2 OF 2019 AMOUNTED TO $52.6 MILLION
AS
COMPARED TO $5.1 MILLION FOR Q2 OF 2018
    * QTRLY REVENUE $53.3 MILLION VERSUS $5.2 MILLION
    * LABRADOR IRON ORE - IMMEDIATE OUTLOOK FOR CHINA STEEL
PRODUCTION
CONTINUES TO BE POSITIVE DESPITE HIGHER IRON ORE PRICES, WEAKER
STEEL PRODUCER MARGINS
    * LABRADOR IRON - LONGER TERM, SEE RISE IN GLOBAL SEABORNE
IRON
ORE SUPPLY & IRON ORE PRICES TO BEGIN REVERTING TO LEVELS MORE
IN LINE WITH HISTORICAL AVERAGES
    * WEAKER STEEL PRODUCER MARGINS ARE EXPECTED TO CONTINUE TO
HAVE
SOME EFFECT ON IRON ORE DEMAND OUTSIDE OF CHINA

Source text for Eikon:  ID:nCNW8Jkg6a 
Further company coverage:  LIF.TO 

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