Tianjin Development Holdings Ltd. reported consolidated audited earnings results for the year ended December 31, 2011. For the period, the company reported revenue of HKD 3,517,032,000 compared with HKD 3,223,034,000 for the same period last year. Profit before tax before impairment loss on property, plant and equipment was HKD 617,185,000 compared with HKD 516,528,000 for the same period last year. Profit for the year from continuing operations before impairment loss on property, plant and equipment was HKD 507,523,000 compared with HKD 462,861,000 for the same period last year. Profit for the year from continuing operations after impairment loss on property, plant and equipment was HKD 507,523,000 or 40.93 cents diluted per share compared with loss for the year from continuing operations after impairment loss on property, plant and equipment HKD 366,615,000 or 32.82 cents diluted per share for the same period last year. Profit for the year attributable to owners of the company was HKD 437,195,000 or 40.93 cents diluted per share compared with HKD 474,172,000 or 44.42 cents diluted per share for the same period last year. Looking forward, the company is fully confident in its overall business performance.