October 27, 2011 / 9:49 AM / 7 years ago

UPDATE 1-Coal and copper units lift Teck Resources profit

Oct 27 (Reuters) - Diversified Canadian miner Teck Resources TCKb.TO said on Thursday its third-quarter net income more than doubled, driven largely by strong results from its coal and copper businesses.

Vancouver, British Columbia-based Teck said its net income in the quarter ended Sept. 30 was C$814 million ($803 million), or C$1.37 a share, up from a year-ago profit of C$316 million, or 54 Canadian cents a share.

Excluding gains from asset sales, foreign exchange losses and other one-time items, profit in the period rose to C$742 million, or C$1.26 a share, up from a year-ago C$452 million, or 77 Canadian cents a share.

Teck, which owns coal, zinc and copper mines across the Americas, said late on Wednesday that its board has authorised a 33 percent increase in its semi-annual dividend payout.

$1 = 1.014 Canadian Dollars Reporting by Euan Rocha; Editing by David Hulmes

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