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BRIEF-Teck Reports Q2 Revenues Of $3.02 Billion

Published 2018-07-26, 01:59 a/m
© Reuters. BRIEF-Teck Reports Q2 Revenues Of $3.02 Billion
TECK
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July 26 (Reuters) - Teck Resources Ltd TECKb.TO :

* TECK REPORTS UNAUDITED SECOND QUARTER RESULTS FOR 2018

* QTRLY EARNINGS PER SHARE $1.10

* QTRLY ADJUSTED EARNINGS PER SHARE $1.14

* SAYS INCREASE IN ADJUSTED PROFIT IN Q2 WAS PRIMARILY ATTRIBUTABLE TO SUBSTANTIALLY HIGHER PRICES FOR ITS PRINCIPAL PRODUCTS

* QTRLY REVENUES $3.02 BILLION VERSUS $2.83 BILLION

* TECK RESOURCES-ANNUAL STEELMAKING COAL PRODUCTION GUIDANCE OF 26-27 MILLION TONNES REMAINS UNCHANGED, BUT CURRENTLY EXPECT IT TO BE NEAR LOWER END OF RANGE

* SAYS ARE EXPECTING SALES VOLUMES IN Q3 OF 2018 TO BE APPROXIMATELY 6.8 MILLION TONNES

* QTRLY STEELMAKING COAL BUSINESS UNIT PRODUCTION 6.3 MILLION TONNES VERSUS 6.8 MILLION TONNES

* SAYS PLAN TO INVEST APPROXIMATELY $12 MILLION TO COMPLETE AND EVALUATE MACKENZIE REDCAP DETAILED DESIGN STUDY

* SAYS COPPER PRODUCTION IN Q2 INCREASED BY 7% FROM A YEAR AGO

* QTRLY STEELMAKING COAL BUSINESS UNIT SALES 6.6 MILLION TONNES VERSUS 7.1 MILLION TONNES

* NET DEBT AS OF JUNE 30, 2018 WAS $4.988 BILLION

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