Tianjin Development (00882) announced interim results. Profit attributable to shareholders of HK$325 million decreased by 5.58% year-on-year

According to the Zhitong Finance App, Tianjin Development (00882) announced interim results for the six months ended June 30, 2026. The group obtained revenue of HK$1,658 million, a year-on-year decrease of 3.53%; profit attributable to the owners of the Company was HK$325 million, a year-on-year decrease of 5.58%; basic profit per share was HK30.32 cents; and the interim dividend was HK5.18 cents per share.

According to the announcement, in the six months ended June 30, 2026, the water company obtained revenue of about HK$144 million, which is basically the same as the same period last year. The water company's profit was approximately HK$18.6 million, down 15.5% from $22 million in the same period in 2025. The decrease was mainly due to a decline in tap water sales and a decrease in revenue from ancillary services. The total sales volume of tap water during the period was about 21.652 million tons, down 4% from the same period last year.