Tianjin Port Development Holdings Full Year 2024 Earnings: EPS: HK$0.11 (vs HK$0.12 in FY 2023)

Tianjin Port Development Holdings (HKG:3382) Full Year 2024 Results

Key Financial Results

• Revenue: HK$13.7b (up 1.8% from FY 2023).
• Net income: HK$690.2m (down 5.3% from FY 2023).
• Profit margin: 5.0% (down from 5.4% in FY 2023). The decrease in margin was driven by higher expenses.
• EPS: HK$0.11 (down from HK$0.12 in FY 2023).

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All figures shown in the chart above are for the trailing 12 month (TTM) period

The primary driver behind last 12 months revenue was the Cargo Handling segment contributing a total revenue of HK$8.07b (59% of total revenue). Notably, cost of sales worth HK$9.75b amounted to 71% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to HK$2.09b (64% of total expenses). Explore how 3382's revenue and expenses shape its earnings.

Tianjin Port Development Holdings shares are up 1.5% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 1 warning sign for Tianjin Port Development Holdings that you need to be mindful of.

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