Gelonghui, March 7, 丨 Tianjin Port Development (03382.HK) announced that the Group's profit attributable to shareholders for the year ended December 31, 2023 is expected to record an increase of about 110% to 120% compared with HK$345 million for the year ended December 31, 2022.
This expected increase is mainly due to the depreciation of the RMB against the Hong Kong dollar in 2022, resulting in exchange losses on Hong Kong dollar liabilities held by the Group, and the relevant HKD debt was paid off in early 2023, and exchange gains were recorded; effective cost control and the increase in revenue from handling operations led to an increase in the Group's gross profit compared to 2022.