Labrador Iron Ore Royalty Corporation reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was CAD 47.69 million compared to CAD 64.06 million a year ago. Net income was CAD 49.43 million compared to CAD 79.2 million a year ago. Basic earnings per share from continuing operations was CAD 0.77 compared to CAD 1.24 a year ago.
For the nine months, revenue was CAD 146.44 million compared to CAD 184.59 million a year ago. Net income was CAD 134.85 million compared to CAD 220.88 million a year ago. Basic earnings per share from continuing operations was CAD 2.11 compared to CAD 3.45 a year ago.