Earnings for the year ended Dec. 31 were up over the previous year for Teck (TSE). Net earnings for the period were $106 million on revenues of $414 million versus the previous year’s earnings of $105 million on revenues of $347 million. An extraordinary item of $7 million boosted 1989 earnings to $113 million.
Cash flow for the 12-month period was $144 million or $1.89 per share, compared with $143 million or $1.94 per share in the previous year.
Figures for 1988 were re-stated to take into account earnings from the Williams Mine. Teck (TSE) Year ended Dec. 31 1989 1988 Revenue (000s) $414,000 $347,000 Net earnings (000s) 106,000 105,000 Net earnings
(per share) 1.31 1.34004
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