* Expects gold royalties to represent 75 pct of rev by Q3
* Q4 EPS $0.15 vs est $0.06
* Q4 rev $42.5 mln
March 26 (Reuters) - Canada’s Franco-Nevada Corp (FNV.TO) posted a fourth-quarter profit that topped analysts’ estimates, helped by higher gold prices, and said it expects gold royaltiesto represent 75 percent of revenue by the third quarter.
The mining royalty firm, which went public in Dec. 2007, reported net income of $15.4 million, or 15 cents a share, for the fourth quarter ended Dec. 31. Revenue was $42.4 million.
Analysts on average expected earnings of 6 cents a share, excluding items, on revenue of $36.5 million, according to Reuters Estimates.
The company expects gold, which contributed 52 percent of fourth-quarter revenue, to become the dominant driver of revenuein 2009.
Shares of the company were trading down 59 Canadian cents atC$28.40 Thursday afternoon on the Toronto Stock Exchange. (Reporting by Ashutosh Joshi in Bangalore; Editing by Ratul RayChaudhuri)