Tianjin Port Development profit falls 17.3% on asset disposal, lower gross profit

Tianjin Port Development Holdings Limited reported a profit attributable to shareholders of HK$346m for the first half of 2025, down 17.3% from HK$418m in the same period last year. Basic earnings per share also decreased to HK5.6 cents from HK6.8 cents. This decline was largely attributed to a one-off loss of HK$79m from the disposal of non-core assets, a decrease in gross profit, and a reduction in the share of net profit from associates and joint ventures.

The group's total revenue for the first half of 2025 increased by 3.0% to HK$6,947m, up from HK$6,746m in 2024. Cargo handling business revenue rose by 3.7% to HK$3,963m, driven by increases in both non-containerised (3.8% to HK$2,886m) and container handling (3.5% to HK$1,077m) segments. Other port ancillary services saw a significant revenue increase of 19.8% to HK$1,551m, while sales business revenue decreased by 12.1% to HK$1,433m.

Total cargo throughput increased slightly by 0.2% to 229m tonnes, with container throughput rising by 1.7% to 10.60m TEUs. The board has decided not to declare an interim dividend for the six months ended 30 June 2025.