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Teck reports unaudited Q4 and full year 2016 results

2017-02-17 15:27:31  【Print】
BEIJING (Asian Metal) 17 Feb 17 - On February 14, 2017, Teck Resources Limited ("Teck") reported unaudited Q4 and full year 2016 results.

Highlights and Significant Items:
  • Record adjusted profit attributable to shareholders in Q4 of $930 million, or $1.Asian Metal Copyright0 million tonnes of steelmaking coal.Asian Metal Copyright61 per share, compared with $16 million in 2015, or $0.Asian Metal Copyright Teck’s quarterly profit was reduced by impairment charges of $268 million $198 million on an after-tax basis including $222 million on the Fort Hills oil sands project and $46 million on non-core assets $164 million and $34 million, respectively, on an after-tax basis.Asian Metal Copyright03 per share.Asian Metal Copyright2 billion at September 30, 2015.Asian Metal Copyright Annual adjusted profit attributable to shareholders was $1.Asian Metal Copyright Annual profit attributable to shareholders was $1.Asian Metal Copyright1 billion, or $1.Asian Metal Copyright Gross profit before depreciation and amortization in 2016 was $3.Asian Metal Copyright91 per share, compared with $188 million in 2015, or $0.Asian Metal Copyright5 billion in Q4 of 2016 compared with $693 million a year ago.Asian Metal Copyright33 per share. 
  • Record gross profit before depreciation and amortization of $2.Asian Metal Copyright33 per share.Asian Metal Copyright0 billion in Q4 compared with $614 million in Q4 of 2015.Asian Metal Copyright0 billion in Q4 compared with $614 million in Q4 of 2015.Asian Metal Copyright Gross profit before depreciation and amortization in 2016 was $3.Asian Metal Copyright91 per share, compared with $188 million in 2015, or $0.Asian Metal Copyright8 billion compared with $2.Asian Metal Copyright Teck’s quarterly profit was reduced by impairment charges of $268 million $198 million on an after-tax basis including $222 million on the Fort Hills oil sands project and $46 million on non-core assets $164 million and $34 million, respectively, on an after-tax basis.Asian Metal Copyright6 billion in 2015. 
  • Record cash flow from operations of $1.Asian Metal Copyright0 billion in Q4 compared with $614 million in Q4 of 2015.Asian Metal Copyright5 billion in Q4 of 2016 compared with $693 million a year ago.Asian Metal Copyright0 billion principal amount of the outstanding notes in market transactions, recording a gain of CAD$76 million.Asian Metal Copyright Cash flow from operations was $3.Asian Metal Copyright Gross profit before depreciation and amortization in 2016 was $3.Asian Metal Copyright1 billion in 2016 compared with $2.Asian Metal Copyright At December 31, 2016, their outstanding notes totaled US$6.Asian Metal Copyright0 billion last year. 
  • Profit attributable to shareholders was $697 million in Q4 compared with a loss of $459 million in Q4 of 2015.Asian Metal Copyright91 per share, compared with $188 million in 2015, or $0.Asian Metal Copyright Annual profit attributable to shareholders was $1.Asian Metal Copyright1 billion, or $1.Asian Metal Copyright0 billion compared with a loss of $2.Asian Metal Copyright61 per share, compared with $16 million in 2015, or $0.Asian Metal Copyright5 billion in 2015. 
  • In late September and early October, the company repurchased US$759 million (CAD$1.Asian Metal CopyrightBEIJING Asian Metal 17 Feb 17 - On February 14, 2017, Teck Resources Limited "Teck" reported unaudited Q4 and full year 2016 results.Asian Metal Copyright0 billion) principal amount of the outstanding notes in market transactions, recording a gain of CAD$76 million.Asian Metal Copyright Teck has reached agreements with the majority of steelmaking coal customers for Q1 of 2017, based on a quarterly benchmark of US$285 per tonne for the highest quality product, and the company expects total sales in the first quarter, including spot sales, to be approximately 6.Asian Metal Copyright At December 31, 2016, their outstanding notes totaled US$6.Asian Metal Copyright Teck has reached agreements with the majority of steelmaking coal customers for Q1 of 2017, based on a quarterly benchmark of US$285 per tonne for the highest quality product, and the company expects total sales in the first quarter, including spot sales, to be approximately 6.Asian Metal Copyright1 billion, down from US$7.Asian Metal Copyright For 2016, total pre-tax asset impairment charges were $294 million and $217 million on an after-tax basis.Asian Metal Copyright2 billion at September 30, 2015. 
  • Teck set a number of quarterly and annual sales and production records while reducing total costs in each of the company’s business units on an annual basis. 
  • Teck has reached agreements with the majority of steelmaking coal customers for Q1 of 2017, based on a quarterly benchmark of US$285 per tonne for the highest quality product, and the company expects total sales in the first quarter, including spot sales, to be approximately 6.Asian Metal Copyright2 billion at September 30, 2015.Asian Metal Copyright0 million tonnes of steelmaking coal. 
  • Teck’s quarterly profit was reduced by impairment charges of $268 million ($198 million on an after-tax basis) including $222 million on the Fort Hills oil sands project and $46 million on non-core assets ($164 million and $34 million, respectively, on an after-tax basis).Asian Metal Copyright8 billion compared with $2.Asian Metal Copyright For 2016, total pre-tax asset impairment charges were $294 million and $217 million on an after-tax basis. 

.Asian Metal Copyright Highlights and Significant Items: Record adjusted profit attributable to shareholders in Q4 of $930 million, or $1.Asian Metal Copyright

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