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Sprott Inc.

09:59 AM EST - Sprott Inc. : reported that its fourth-quarter net income decreased to $20.4 million or $0.14 per share, from $27.6 million or $0.21 per share in the prior-year quarter. The company's quarterly revenues fell to $57.7 million from $163.3 million in the same quarter a year ago. For the fiscal year, the company posted net income of $52.1 million or $0.36 per share, compared with net income of $42.3 million or $0.32 per share in the last year. Total revenues decreased 27 per cent to $165.8 million from $227.6 million in the previous year. Sprott Inc. shares T.SII are trading down $0.09 at $4.50.