Feb 21 (Reuters) - Canadian miner Teck Sources Ltd TCKb.TO, TECK.N reported a 75.6% stoop in fourth
Feb 21 (Reuters) – Canadian miner Teck Sources Ltd TCKb.TO, TECK.N reported a 75.6% stoop in fourth-quarter adjusted revenue on Friday, harm by decrease gross sales quantity of steelmaking coal.
On an adjusted foundation, earnings fell to C$122 million ($92.11 million), or 0.22 Canadian cents per share, within the quarter ended on Dec.31, from C$500 million, or 0.87 Canadian cents per share, within the earlier yr.
Teck, which mines copper and zinc, mentioned its income fell about 18.2% to C$2.66 billion.
The corporate additionally mentioned it took non-cash, impairment fees totaling C$999 million within the quarter, which included C$910 million associated to its Fort Hills oil sands mining.
($1 = 1.3245 Canadian {dollars})
(Reporting by Mekhla Raina in Bengaluru; Enhancing by Arun Koyyur)
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