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Company News

Canada's Teck Resources adjusted profit climbs on higher metal prices

July 26 (Reuters) - Canada’s Teck Resources Ltd , the world’s second-biggest exporter of steelmaking coal, reported a 12.6 percent increase in second-quarter adjusted earnings on Wednesday as higher metal prices more than offset lower sales volumes.

Teck, which also mines copper, zinc and bitumen, said adjusted profit rose to C$653 million ($500.8 million), or C$1.12 per share, in the three months to end June, from C$580 million, or 99 Canadian cents a share, in the same year-ago period. ($1 = 1.3038 Canadian dollars) (Reporting by Susan Taylor and Shubham Kalia; Editing by Amrutha Gayathri)

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