Operator
Ladies and gentlemen, thank you for standing by. Welcome to the Copa Holdings First Quarter Earnings Call. [Operator Instructions] As a reminder, this call is being webcast and recorded on May 6, 2021.
Now I will turn the conference over to Raul Pascual, Director of Investor Relations. Sir, you may begin.
Raul Pascual
Director of Investor Relations
Thank you, Tamika, and welcome, everyone, to our first quarter earnings call. Joining us today are Pedro Heilbron, CEO of Copa Holdings; and Jose Montero, our CFO. First, Pedro will start by going over our first quarter highlights and the actions the company has taken to mitigate the impact from the COVID-19 pandemic, followed by Jose, who will discuss our first quarter financial results in detail. Immediately after, we ll open the call for questions from analysts. Copa Holdings financial reports have been prepared in accordance with International Financial Reporting Standards.
Emirates REIT sees sharp fall in 2020 net property income
DUBAI, 8 hours, 20 minutes ago UAE-based Emirates REIT, one of the largest shari a-compliant real estate investment trusts, has recorded a 9.7 per cent decline in its rental income for the year ended December 31, 2020 compared to the year before, while its total property income fell 9.4% and net property income was down 11.3 per cent due to challenging market conditions. Announcing the 2020 results - prepared in accordance with International Financial Reporting Standards ( IFRS ) and audited by Deloitte And Touche (ME) - Equitativa (Dubai), manager of Emirates REIT, said the net asset value as of December 31, 2020 stood at $225.5 million ($0.74 per share), while the year witnessed a decrease of 1.3% in the portfolio’s total property expenses.
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1 Comparative figures include Cenovus results prior to the January 1, 2021 closing of the Husky transaction and do not reflect historical data from Husky.
2 Adjusted funds flow, free funds flow and net debt are non-GAAP measures. See Advisory.
3 Prior period has been restated to conform with the current period definition of adjusted funds flow.
Q1 overview
Progress on integration and synergies
Cenovus is in the process of reassessing the acquired Husky assets for synergies above and beyond the company s original $1.2 billion target. This includes opportunities to apply Cenovus s in situ operating expertise to Husky s legacy in situ assets in Alberta and Saskatchewan. Application of these operating practices drove record average daily production in the quarter at Cenovus s Lloydminster thermal business, including a single-day production record of approximately 103,000 barrels per day (bbls/d) in March.
Labrador Iron Ore Royalty Corporation announced today its operation and cash flow results for the first quarter ended March 31, 2021 . Financial Performance In the first quarter of 2021, LIORC’s financial results benefited from higher iron ore prices and pellet premiums, partially offset by lower volumes of pellet sales. Royalty revenue for the first quarter of 2021 amounted to $65.2 million compared to $47.6 …
Labrador Iron Ore Royalty Corporation (“LIORC”) (TSX: LIF) announced today its operation and cash flow results for the first quarter ended March 31, 2021 . Financial Performance In the first quarter of 2021, LIORC’s financial results benefited from higher iron ore prices and pellet premiums, partially offset by lower volumes of pellet sales. Royalty revenue for the first quarter of 2021 amounted to $65.2 million compared to $47.6 million for the first quarter of 2020. Equity earnings from Iron Ore Company of Canada (“IOC”) were $57.0 million in th
Gamesys Group PLC Announces Publication of Annual Report and Notice of AGM
LONDON, UK / ACCESSWIRE / May 7, 2021 / In compliance with Listing Rule 9.6.1, the Company has submitted a copy of each of the following documents to the National Storage Mechanism, and these will shortly be available for inspection at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism
Annual Accounts for the year ended 31 December 2020 (2020 Annual Accounts)
Notice of the Annual General Meeting (2021 AGM Notice)
Proxy Form for the 2021 AGM for those holding ordinary shares (Form of Proxy)
Proxy Form for the 2021 AGM for the former registered holders of exchangeable shares in The Intertain Group Limited (Canadian Form of Proxy)