Teck Resources posts quarterly profit after year-ago loss
REUTERS 3:36 AM ET 2/15/2017
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TECK 23.94down -1.15 (-4.58%)
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Feb 15 (Reuters) - Teck Resources Ltd(TECK), North America's largest producer of steel-making coal, reported a profit, compared to a year-ago loss, when it recorded one-time charges of C$536 million.
Net profit attributable to Teck shareholders was C$697 million or C$1.21 per share, for the fourth quarter ended Dec. 31, compared with a loss of C$459 million, or 80 Canadian cents per share a year ago.
Revenue rose 67 percent to C$3.56 billion, from C$2.14 billion. (Reporting by Vishaka George and Vishal Sridhar in Bengaluru; Editing by Sunil Nair)
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