Black Friday is Now! Don’t miss out on up to 60% OFF InvestingProCLAIM SALE

BRIEF-Teck says qtrly profit attributable to shareholders $0.99

Published 2017-04-25, 05:01 a/m
© Reuters.  BRIEF-Teck says qtrly profit attributable to shareholders $0.99
TECK
-
HG
-

April 25 (Reuters) - Teck Resources Ltd TECKb.TO

* Teck reports unaudited first quarter results for 2017

* Qtrly profit attributable to shareholders $0.99

* Qtrly adjusted earnings per share $1.16 per share

* Expecting coal sales in Q2 of 2017 to be at least 6.8 million tonnes

* Qtrly revenues C$2,894 million versus C$1,698 million

* Says expecting coal sales in Q2 of 2017 to be at least 6.8 million tonnes

* Steelmaking coal spot pricing appeared to stabilize in US$150 to US$160 per tonne range during Q1

* Says continue to expect 2017 copper production to be in range of 275,000 to 290,000 tonnes

* Teck resources-expects Zinc in concentrate production in 2017 to be in range of 590,000 to 615,000 tonnes as result of lower production at Red Dog

* Before end of March, Cyclone Debbie resulted in supply disruptions in Australia

* Experienced weak demand for steelmaking coal in January and February before demand improved in March

* Continue to expect unit costs for Q2 will fall within previously announced guidance range of $47 to $51 per tonne

* Teck resources-quarterly benchmark price for steelmaking coal for Q2 of 2017 has yet to be agreed due to impact of Cyclone Debbie on Australian supply

* Says "as a result of our recent debt repurchase, we now only have US$122 million of debt due before 2021"

* Qtrly adjusted profit attributable to shareholders $1.16 per share

* Q1 earnings per share view C$1.29, revenue view C$3.04 billion -- Thomson Reuters I/B/E/S

* Q1 coal production of 6.1 million tonnes was 8% lower than same period a year ago Source text for Eikon: ID:nCCN4223q5 Further company coverage: TECKb.TO

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.