07:46 AM EDT, 03/12/2025 (MT Newswires) -- Labrador Iron Ore Royalty ( LIFZF ) overnight Tuesday reported lower fourth-quarter profit even as revenue rose and said the outlook for iron ore pricing remains uncertain due to economic issues in China and threats of tariffs by the United States.

Labrador cut its quarterly dividend to $0.50 per common share from $0.75 in the prior quarter.

The company reported net income for the three months ended Dec. 31, of $31.9 million, or $0.51 per share, compared with $51.4 million, or $0.80 a share, a year-ago.

Revenue for the fourth quarter increased to $56.9 million compared with $54.9 million a year earlier.

Concentrate production at Iron Ore Company of Canada Operations' (IOC) was negatively impacted by a number of operational challenges in 2024, including maintenance over-runs, and lower feed from the mine, as well as an 11-day site-wide shutdown caused by area forest fires in mid-July. Saleable production in Q4 of 4.3 million tonnes was 6% lower than Q4 of the prior year, as a result of lower weight yields.

Labrador Iron Ore Royalty ( LIFZF ), through unit Hollinger-Hanna, holds a 15% stake in IOC.

The company said ongoing economic issues in China continue to negatively affect the demand for steel and that threats of broad tariffs by the U.S. and corresponding retaliatory tariffs by affected countries may cause a further decrease in economic investment and a further decrease in the global demand for steel. "The negative impact on IOC may be partially mitigated to the extent that such actions cause a devaluation of the Canadian dollar, relative to the US dollar, which would effectively lower IOC's costs in US dollar terms," said Labrador Iron in a statement.

Shares of the company closed up $0.06 to $30.17 on Tuesday on the Toronto Stock Exchange.