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Champion Iron Posts Lower Adjusted Earnings, Revenue for Fiscal Q4; Tweaks Divided Policy

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Champion Iron (ASX:CIA) reported Thursday fiscal fourth-quarter adjusted earnings of CA$0.04 per share, down from CA$0.08 a year earlier.

Analysts polled by FactSet expected CA$0.05.

Revenue for the three months ended March 31 was CA$414.5 million, down from CA$425.3 million in the year-ago period.

Analysts surveyed by FactSet expected CA$415.7 million.

Champion Iron said its board approved a revised divided policy under which it aims to pay semi-annual dividends equivalent to 30% to 40% of the company's trailing six-month free cash flows. The new policy will apply to the semi-annual results for fiscal 2027.

The company declared a semi-annual dividend of CA$0.02 per share, payable July 8 to shareholders on record as of June 12.

The company's shares fell nearly 2% in recent Thursday trade.

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