2008 RESULTS OF OPERATIONS
Toronto, February 27, 2009
Labrador Iron Ore Royalty Income Fund announced the results of its operations for the year ended December 31, 2008. Following are some of the financial highlights of the Fund’s 2008 results with comparison to the 2007 results:
Years Ended December 31
|
|
2008 |
|
2007 |
| ($ in millions except per unit information) |
|
|
|
|
| Revenue |
|
163.4 |
|
67.6 |
| Expenses (including royalty taxes) |
|
38.8 |
|
22.6 |
| Net Income |
|
176.5 |
|
80.9 |
| Adjusted Cash Flow(1) (2) |
|
174.9 |
|
60.5 |
| Net Income per Unit |
|
$5.52 |
|
$2.53 |
| Adjusted Cash Flow per Unit(1) (2) |
|
$5.46 |
|
$1.89 |
| Cash Distributions per Unit |
|
$4.85 |
|
$1.95 |
Please download PDF file for further information.
Bruce C. Bone
Chairman and Chief Executive Officer |
