Champion Iron Breaks Even in Fiscal Q3, Revenue Declines; Shares Fall 3%

MT Newswires Live
01-30

Champion Iron (ASX:CIA) reported Thursday that it broke even in the fiscal third quarter, compared with earnings of CA$0.24 per share a year earlier, according to a filing with the Australian bourse.

Analysts polled by Visible Alpha were expecting EPS of CA$0.07.

Revenue fell year on year to CA$363.2 million from CA$506.9 million, the filing said.

Analysts' consensus as compiled by Visible Alpha was CA$361.6 million.

During the reported quarter, the mining firm produced 3.6 million wet metric tonnes of iron ore concentrates, a 14% rise from the fiscal Q2 and a 10% fall year on year.

Company shares fell nearly 3% in recent Thursday trade.

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