Teck Reports Unaudited Fourth Quarter Results for 2017

Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) reported adjusted profit attributable to shareholders of $700 million ($1.21 per share) in the fourth quarter compared with $930 million ($1.61 per share) a year ago. Annual adjusted profit attributable to shareholders for 2017 was $2.6 billion, or $4.45 per share, compared with $1.1 billion, or $1.91 per share in 2016. Annual profit attributable to shareholders was $2.5 billion, or $4.34 per share, compared with $1.0 billion in 2016, or $1.80 per share.

As quoted in the press release:

“We are very pleased with our results for the year, with adjusted earnings and EBITDA of $2.6 billion and $5.7 billion, respectively,” said Don Lindsay, President and CEO. “With our strong operating results, we achieved record revenues and cash flow from operations in 2017. Our financial position is very strong and with the startup of Fort Hills and favourable markets for our key products, we are well positioned for the coming year.”

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