Tianjin Tianbao Energy's Profit to Zoom 1,644% in 2024

MT Newswires Live

2025/02/19

Tianjin Tianbao Energy (HKG:1671) expects an attributable profit of around 4.5 million yuan for the year 2024, up 1,644% from a year prior, a Wednesday filing with the Hong Kong bourse said.

The power generation company attributed the anticipated rise in profit mainly to the commencement of power generation by its clean energy projects in the Lingang area, the growth of its new energy power generation business in various regions, and lower production costs.

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