Stock Analysis
Bank of Tianjin Reports Second Quarter 2024 Earnings
Bank of Tianjin (HKG:1578) Second Quarter 2024 Results
Key Financial Results
- Revenue: CN¥1.86b (up 143% from 2Q 2023).
- Net income: CN¥907.9m (up from CN¥201.4m loss in 2Q 2023).
- Profit margin: 49% (up from net loss in 2Q 2023). The move to profitability was primarily driven by higher revenue.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Bank of Tianjin shares are up 4.1% from a week ago.
Risk Analysis
We don't want to rain on the parade too much, but we did also find 2 warning signs for Bank of Tianjin (1 is a bit concerning!) that you need to be mindful of.
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About SEHK:1578
Bank of Tianjin
Provides a range of banking and related financial services primarily in the People’s Republic of China.