TIANJINPORT DEV Reports Annual Profit of HK$667 Million, Down 3.4% Year-on-Year

Stock News
03/27

TIANJINPORT DEV (03382) announced its full-year results for the period ending December 31, 2024. Revenue from continuing operations reached HK$11.689 billion, representing a 6.96% increase compared to the previous year. Profit attributable to equity shareholders was HK$667 million, a decrease of 3.4% year-on-year. Earnings per share stood at 10.8 HK cents, and the board has recommended a final dividend of 4.33 HK cents per share.

In 2025, the group handled a total cargo throughput of 457 million tons (2024: 453 million tons), marking a 0.9% rise from the prior year. Container throughput reached 20.81 million TEUs (2024: 20.47 million TEUs), reflecting a 1.7% increase.

According to the announcement, the growth in profit before tax from continuing operations was primarily driven by higher revenue and gross profit in 2025 compared to 2024. However, this improvement was partially offset by a one-time loss of approximately RMB 70 million resulting from the disposal of assets by Tianjin Port Zhonghangyou Wharf Company Limited, a subsidiary of the company.

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