• 2019 August 29 09:03

    Tianjin Port announces 2019 interim results

    Tianjin Port Development Holdings Limited has announced its unaudited interim results for the six months ended 30 June 2019. During the period under review, the Group achieved total cargo throughput of 198.04 million tonnes, an increase of 2.0% over the same period of last year.

    The consolidated revenue decreased by 5.5% over the corresponding period of last year to HK$7,086million. Gross profit fell by 7.4% to 1,443 million. Profit attributable to shareholdersof the Company decreased by 26.4% over the same period of last year toHK$299million.

    The Group achieved total non-containerised cargo throughput of104.90million tonnes, a decrease of 5.0% over the corresponding period o flast year. Revenue from the non-containerised cargo handling business amounted to HK$2,023million, a decreaseof 9.6% over the same period of last year.

    The Group achieved total container throughput of 8.32 million TEUs, representing an increase of 6.7% when compared to the same period of last year. Revenue from the container handling business amounted to HK$1,125million, an increase of 7.1% over the corresponding period of last year. Revenue denominated in RMB increased by13.6%, mainly driven by the increase in container throughput.

    About Tianjin Port Development Holdings Limited

    Tianjin Port Development Holdings Limited was listed on The StockExchange of Hong Kong Limited on 24 May 2006. The Company, together with its subsidiaries first operated as a non-containerised cargo terminal at the port of Tianjin in 1968 and subsequently expanded into container handling businessin 1980. In February2010, the Group completed the acquisition of 56.81% equity interest in Tianjin Port Holdings Co., Ltd.  Today,the Group is the leading port operator at the port of Tianjin and is principally engaged in container andnon-containerised cargo handling businesses, sales business and other port ancillary services business. In the first half of 2019, the port of Tianjin was the seventh largest port in China in terms of total cargo throughput. In terms of total container throughput, the port of Tianjin ranked the sixth in China.


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