Bank of Tianjin Reports Second Quarter 2024 Earnings

Simply Wall St · 08/31 01:29

Bank of Tianjin (HKG:1578) Second Quarter 2024 Results

Key Financial Results

  • Revenue: CN¥1.86b (up 143% from 2Q 2023).
  • Net income: CN¥907.9m (up from CN¥201.4m loss in 2Q 2023).
  • Profit margin: 49% (up from net loss in 2Q 2023). The move to profitability was primarily driven by higher revenue.
earnings-and-revenue-history
SEHK:1578 Earnings and Revenue History August 31st 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Bank of Tianjin shares are up 4.1% from a week ago.

Risk Analysis

We don't want to rain on the parade too much, but we did also find 2 warning signs for Bank of Tianjin (1 is a bit concerning!) that you need to be mindful of.