1 Min Read
TORONTO, July 25 (Reuters) - Teck Resources Ltd reported a sharp drop in second-quarter profit on Thursday, with lower copper and coal prices dragging down revenues.
Canada's largest diversified miner posted a net profit of C$143 million ($139 million), or 25 Canadian cents a share, in the three months to June 30. That compared with a profit of C$354 million, or 60 Canadian cents a share, in the same period last year.
Adjusted to remove one-off items, earnings were C$197 million, or 34 Canadian cents a share. That compared with C$398 million, or 68 Canadian cents a share, last year.
Revenue from operations fell 15 percent to C$2.15 billion.