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Teck Reports Unaudited First Quarter Results for 2017
Apr. 25, 2017 08:39AM PST
Base Metals Investing Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) reported profit attributable to shareholders of $572 million ($0.99 per share) compared with $94 million ($0.16 per share) a year ago. Adjusted profit attributable to shareholders was $671 million, or $1.16 per share, compared with $18 million, or $0.03 per share in 2016. As quoted …
Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) reported profit attributable to shareholders of $572 million ($0.99 per share) compared with $94 million ($0.16 per share) a year ago. Adjusted profit attributable to shareholders was $671 million, or $1.16 per share, compared with $18 million, or $0.03 per share in 2016.
As quoted in the press release:
“Substantially higher commodity prices had a significant positive effect on our financial results compared with the first quarter of 2016,” said Don Lindsay, President and CEO. “We set a monthly sales record in steelmaking coal in March, as we saw an increase in demand following a slow start to the quarter. We are now through the difficult winter weather and are seeing improvements in service levels from our logistics providers putting us in a strong position for the remainder of the year.”
