03/17/2016 17:35 EDT | Updated 03/18/2017 01:12 EDT

Turquoise Hill Resources posts profit of $171 million in fourth quarter

VANCOUVER, British Columbia (AP) _ Turquoise Hill Resources Ltd. (TRQ) on Thursday reported fourth-quarter profit of $171 million.

The Vancouver, British Columbia-based company said it had net income of 10 cents per share.

The metal and coal mining company posted revenue of $355.6 million in the period.

For the year, the company reported net income of $313.3 million, or 16 cents per share, swinging to a profit in the period. Revenue was reported as $1.63 billion.

In the final minutes of trading on Thursday, the company's shares hit $2.95. A year ago, they were trading at $3.03.


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Keywords: Turquoise Hill Resources, Earnings Report

The Associated Press