Copper and Zinc Prices Drive Down Teck Cominco’s 3Q08 Profit By 13%, an Industrial Info News Alert
Researched by Industrial Info Resources (Sugar Land, Texas) — Teck Cominco Limited (TSX:TCK.B) (Vancouver, British Columbia) has reported a 13% decrease in its third-quarter 2008 profit of $432 million, down from $495 million in the same period last year. The company attributes the decline to the negative impact on its copper and zinc business units, as commodity prices dropped sharply at the end of the second quarter.
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SOURCE: Industrial Info Resources