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BRIEF-Labrador Iron Ore Royalty Q2 Earnings Per Share C$0.95

Published 2019-08-14, 06:22 p/m
© Reuters.  BRIEF-Labrador Iron Ore Royalty Q2 Earnings Per Share C$0.95
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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

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