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Champion Iron Q4 Profit Drops Due To Weak Sales Volume, Despite Production Growth; Stock Down
RTTNews· 2026-05-28 15:40
On Wednesday, Champion Iron Limited (CIA.TO,CIA.AX), a mining company based in Australia, reported lower profit in the fourth quarter, attributable to weak revenues due to lower sales volume, despite production growth.On Thursday, the shares closed at A$4.78, 4.59 percent lower on the ASX.Further, Champion's Board has approved a revised shareholder return framework for future dividends.The net income of the fourth quarter was C$23.19 million or C$0.04 per share, down 41 percent from C$39.14 million or C$0. ...