Tianjin Port Development Unveils 2013 Annual Results
News: Hong Kong-listed Tianjin Port Development Holdings, which manages ports services at China's Tianjin Port, has released its annual results for the year ended December 31 2013. The company's profit attributable to shareholders registered a 14.9% year-on-year (y-o-y) rise to HKD811.05mn (US$104.5mn) in 2013, compared with HKD705.79mn (US$90.9mn) in the year-ago period. In the reported period, annual consolidated revenue also grew 23.3% y-o-y to HKD22.11bn (US$2.84bn). Earnings per share amounted to HKD0.132 (US$0.017) in 2013, compared with HKD0.115 (US$0.014). Meanwhile, the group posted a 4.6% y-o-y rise in total cargo throughput to 405.37mn tonnes in 2013. In addition, of the total cargo throughput, total container throughput reached 13.01mn twenty-foot equivalent units in 2013, up by 5.8%.