TSX:TECK.A - Post by User
Post by
aboutoilon Jul 23, 2009 2:00am
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Post# 16159181
Reuters:Teck Q2 operating profit tumbles
Reuters:Teck Q2 operating profit tumblesWhat is going on?
Headlines from Reuters:
Teck Resources Q2 operating profit tumbles
July 23 (Reuters) - Canadian mininggiant Teck Resources (
TCKb.TO) said on Wednesday itssecond-quarter operating profit fell from a year ago, as strongearnings from its coal business failed to offset pricing andvolume declines in its copper and zinc businesses.
Net earnings in the second quarter of 2009 includednon-cash foreign exchange translation gain of C$413 million,along with other one-time items.
Excluding items, earnings in the quarter collapsed to C$177million, from C$503 million, a year ago.
https://www.reuters.com/article/mergersNews/idUSN2233658820090723