Teck Resources reports quarterly loss on C$2.2 bln charge
Oct 22 (Reuters) - Canadian miner Teck Resources Ltd reported a quarterly loss due to an asset impairment charge in its steel-making coal business.
The company, the largest producer of steel-making coal in North America, reported a net loss attributable to shareholders of C$2.1 billion ($1.60 billion), or C$3.73 per share, in the three months to end-September. That compared with earnings of C$84 million, or 14 Canadian cents a share, in the same period a year earlier.
Teck took a non-cash after-tax impairment charge of C$2.2 billion in the third quarter.
($1 = 1.3111 Canadian dollars) (Reporting by Nicole Mordant in Vancouver and Anannya Pramanick in Bengaluru; Editing by Sunil Nair)
© Thomson Reuters 2016 All rights reserved.