Canada’s Teck Resources profit rises on higher sales volumes

Teck’s Greenhills steelmaking coal operation, in Elk Valley, British Columbia, Canada. (Image courtesy of Teck Resources.)

April 24 (Reuters) – Canada’s Teck Resources Ltd , the world’s second-biggest exporter of steelmaking coal, reported on Tuesday a 15 percent increase in first-quarter adjusted profit on increased sales volumes.

Teck, which also mines copper, zinc and gold, said adjusted profit attributable to shareholders rose to C$753 million ($586.4 million) or C$1.31 per share in the quarter ended March 31, compared with C$655 million or C$1.13 per share in the year-earlier period.

($1 = 1.2841 Canadian dollars)

(Reporting by Nicole Mordant in Vancouver and Shalini Nagarajan in Bengaluru; Editing by Amrutha Gayathri)

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