Good news for Teck when it comes to earnings
The last fiscal year has been mostly kind to Teck Resources.
The company reported a fourth-quarter profit of 760-million dollars, compared to a 697-million dollar profit over the same period one year earlier.
Teck says lower prices and sales volumes in its steelmaking coal business -- ate into adjusted profits over the last quarter, but over the full year its earnings more than doubled.
It is reporting 2.51-billion dollars in earnings over the last year compared to 1.04-billion in 2016.