CORRECTED-Teck Resources posts loss on C$536 mln asset impairment charge

Thu Feb 11, 2016 5:38am EST
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

(Corrects second paragraph to say loss was C$459 million, not C$459 billion)

Feb 11 (Reuters) - Canadian miner Teck Resources reported a fourth-quarter loss, hurt by lower commodity prices and an asset impairment charge of C$536 million ($384 million).

Teck, the largest producer of steel-making coal in North America, reported a net loss of C$459 million, or 80 Canadian cents per share, in the three months ended Dec. 31.

It earned C$129 million, or 23 Canadian cents per share, a year earlier.

Revenue fell 5.4 percent to C$2.14 billion. ($1 = C$1.3972) (Reporting by Nicole Mordant in Vancouver and Anet Josline Pinto in Bengaluru; Editing by Savio D'Souza)