HK Stock Price Fluctuated | TIANJIN DEV(00882) rose nearly 5% during intraday trading. It is expected that the net profit for the previous year will increase by approximately 70% to 80% year-on-year.

TIANJIN DEV (00882) rose nearly 5% during trading, up 3.66% as of the time of writing, at 1.7 Hong Kong dollars, with a turnover of 4.6441 million Hong Kong dollars. In terms of news, TIANJIN DEV announced a profit increase yesterday, expecting the group's attributable comprehensive net profit to increase by about 70% to 80% year-on-year for the year ending December 31, 2023. The announcement stated that this expected increase is mainly due to Tianjin Lisheng Pharmaceutical Co., Ltd. obtaining a one-time gain of approximately 265 million Hong Kong dollars on the industrial land and buildings at 491 Huanghe Road, Nankai District, Tianjin; an increase in net profit attributable to TIANJIN PORT DEV Holdings Limited for the year; and an increase in operating profit in the group's hotel business.