Friday, September 23, 2011

Teck Resources lost 12% of the profits

The Canadian mining company, "Teck Resources Ltd" in the IV quarter of 2010 compared with the same period in 2009 reduced net income by 12% to 361 million Canadian dollars (363 million dollars), or 61 cents a share. This was stated in the Group, reported Bloomberg. Revenue Teck Resources, however, grew by 30% to 2.81 billion Canadian dollars against 2.17 billion Canadian dollars a year earlier. In addition to Teck Resources noted that coal sales in the last quarter of last year totaled 6.03 million tons, and in general the results of last year - 23.1 million tons. Recall that "Teck Resources Ltd" in the II quarter of 2010 compared with the II quarter of 2009 reduced net income by 54% to 260 million Canadian dollars (252 million dollars). Canadian holding company income grew by 24% and reached 2.1 billion Canadian dollars (2 billion U.S. dollars). "Teck Resources Ltd." in the I quarter of 2010 increased profit of about 3.8 times to U.S. $ 909.7 million revenue of the holding increased by 13,8%, reaching 1.9 billion dollars, while operating profit fell to 605 million Teck Resources - one of the world's largest producers of copper, metallurgical coal and zinc. The company has assets in 15 mines in Canada, U.S., Chile and Peru. Ministry of Industry

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