25.04.2024 07:46:57 - dpa-AFX: Teck Resources Posts Lower Profit In Q1

OTTAWA (dpa-AFX) - Teck Resources Ltd. (TECK), on Thursday, reported Q1
profit from continuing operations attributable to shareholders of C$343 million
or C$0.65 per share versus C$1.17 billion or C$2.23 per share last year.

Adjusted profit from continuing operations attributable to shareholders plunged
to C$392 million or C$0.75 per share from the prior year's C$930 million or
C$1.78 per share.

Revenue for the quarter amounted to C$3.99 billion, higher than the previous
year's revenue of C$3.79 billion.

'All outstanding major construction at our QB operation was completed in the
first quarter, including the shiploader and molybdenum plant, and we marked the
first shipment of concentrate from the completed port facility,' said Jonathan
Price, President and CEO. 'We had strong first quarter performance across our
business, generating $1.7 billion of Adjusted EBITDA1 with steadily increasing
quarterly copper production as QB ramp-up advances, and we continued to return
cash to shareholders.'



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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
TECK RES LTD. B SUB.VTG 858265 Frankfurt 44,200 18.06.24 20:32:57 -0,200 -0,45% 43,820 44,470 44,280 44,200

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