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BRIEF-Teck Resources Reports Q1 Revenues Of C$3.11 Bln Versus C$3.09 Bln

Published 2019-04-23, 01:46 a/m
© Reuters.  BRIEF-Teck Resources Reports Q1 Revenues Of C$3.11 Bln Versus C$3.09 Bln
TECK
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April 23 (Reuters) - Teck Resources Ltd TECKb.TO :

* TECK REPORTS UNAUDITED FIRST QUARTER RESULTS FOR 2019

* SAYS PROFIT ATTRIBUTABLE TO SHAREHOLDERS WAS $630 MILLION ($1.11 PER SHARE) IN Q1

* QTRLY ADJUSTED PROFIT WAS $568 MILLION ($1.00 PER SHARE)

* QTRLY REVENUES OF C$3.11 BILLION VERSUS C$3.09 BILLION

* TECK RESOURCES - GROSS PROFIT IN THE FIRST QUARTER FROM STEELMAKING COAL BUSINESS UNIT WAS $726 MILLION COMPARED WITH $816 MILLION A YEAR AGO

* CONTINUE TO EXPECT FY 2019 COPPER PRODUCTION TO BE IN THE RANGE OF 290,000 TONNES TO 310,000 TONNES

* TECK RESOURCES - FIRST QUARTER SALES FOR STEELMAKING COAL WERE 6.2 MILLION TONNES, A 2% INCREASE COMPARED WITH A YEAR AGO

* CONTINUE TO EXPECT COPPER UNIT COSTS FOR FY 2019 TO BE IN RANGE OF US$1.70 TO US$1.80 PER POUND BEFORE MARGINS FROM BY-PRODUCTS

* TECK RESOURCES - CONTINUE TO EXPECT 2019 COAL PRODUCTION TO BE IN THE RANGE OF 26.0 TO 26.5 MILLION TONNES AS SET OUT IN ORIGINAL GUIDANCE

* CONTINUE TO EXPECT ZINC IN CONCENTRATE PRODUCTION IN FY 2019 TO BE IN THE RANGE OF 620,000 TONNES TO 650,000 TONNES

* THERE IS NO CHANGE TO FY 2019 GUIDANCE

* Q1 EARNINGS PER SHARE VIEW C$0.95, REVENUE VIEW C$2.99 BILLION -- REFINITIV IBES DATA

* FY2019 EARNINGS PER SHARE VIEW C$3.74, REVENUE VIEW C$12.41 BILLION -- REFINITIV IBES DATA

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