Teck Q2 profit falls on lower copper, coal price

Thu Jul 25, 2013 5:34am EDT
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

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.