24
Apr
20:50
Teck Resources gains first-quarter profit bump
Canadian commodities player Teck Resources Limited posted a substantial year-on-year profit uptick in its first quarter earnings, Kallanish reports.
Teck earned $759 million on sales of $3.09 billion in Q1, up from $556m on sales of $2.85 billion in Q1 2017.
Teck attributes the increase primarily to “... higher copper and zinc prices and partly due to increased sales volumes of copper, driven by higher production levels.”
The company’s st…
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