Tianjin Port Development Reports Stable 2024 Annual Results

Tianjin Port Development Holdings ( (HK:3382) ) has provided an announcement.

Tianjin Port Development Holdings Limited reported its annual results for the year ending December 31, 2024, with a total cargo throughput of 453 million tonnes and container throughput of 20.47 million TEUs. The company achieved a revenue of HK$13,721 million and a profit attributable to equity holders of HK$690 million. The proposed final dividend is HK4.48 cents per share, reflecting a payout ratio of approximately 40%. These results indicate stable operational performance, with a slight decrease in profit attributable to equity holders compared to the previous year, suggesting a steady market position amidst operational challenges.

More about Tianjin Port Development Holdings

Tianjin Port Development Holdings Limited operates in the logistics and port operations industry, focusing on cargo and container throughput. The company is involved in managing port facilities and services, primarily in the Tianjin region, a significant hub for maritime trade.

YTD Price Performance: 8.75%

Technical Sentiment Signal: Strong Sell

Current Market Cap: $537.7M

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