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HomeKootenay NewsTeck profits halved compared to previous year

Teck profits halved compared to previous year

Gross profits were up at Teck Trail Operations but overall the company is reporting a big decline since 2013.

Teck Resources is announcing gross profits of $452 million for 2014 compared to the $ 1 billion posted in 2013.

Lower commodity prices were the main factor.

But at Trail operations zinc production was up year-over-year. That’s reflected in an increase of gross profits from $61 million in 2013 to $76 million last year.

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