Teck Resources Reports Jump in Fourth Quarter Profits

The Financial Post reported that Teck Resources Ltd. (NYSE:TCK) saw a 20 percent increase in fourth quarter earnings due to higher prices for metallurgical coal.

As quoted in the market news:

The Vancouver-based miner said adjusted profit was $613-million, or $1.04 a share, which is in line with the average analyst estimate. Teck earned $512-million, or $0.87 a share, in the same quarter a year ago.

Click here to read the full Financial Post report.