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Teck Q3 Profit Down 78%

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Teck Resources Inc (NYSE: TCK) reported a 78% drop in its third-quarter profit attributable to shareholders.

Teck's quarterly net income declined to C$180 million, or 31 Canadian cents a share, versus C$814 million, or C$1.38 a share, in the year-ago period.

Its revenue dropped 26% to C$2.5 billion.

Teck shares closed at $30.75 yesterday.

Posted-In: profitEarnings News

 

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