10:06 AM EST - Teck Resources Ltd. : reported an increase in profit for the first quarter, primarily on the sale of a number of non-core assets, including a one-third interest sale in the Waneta Dam and certain Turkish gold properties. The Vancouver based company's earnings attributable to the shareholders increased to $908 million or $1.53 per share from $241 million or $0.50 per share in the year-ago quarter. Earnings in the first quarter included an after-tax gain of $587 million from the sale of a one-third interest in the Waneta Dam and a $48 million after-tax gain on the sale of its Turkish gold projects. Adjusted net earnings for the quarter declined to $210 million from $257 million a year ago. Teck Resources Ltd.
shares T.TCK.B are trading up $0.79 at $42.50.
