Property News · March 15, 2018

Swire Pacific profit up by a half as property sales offset losses from aviation, marine services


Swire Pacific, one of Asia’s largest conglomerates, saw underlying profit surge 55 per cent last year, as strong property income offset losses from aviation and marine services.
Excluding revaluation gains on investment properties, underlying profit was HK$4.74 billion in the year ended December, according to the firm’s filing to the Hong Kong stock exchange on Thursday.
It was lower than the HK$5.27 billion average estimate of five analysts polled by Bloomberg.
The group, whose…

Source : South China Morning Post
Read more…Swire Pacific profit up by a half as property sales offset losses from aviation, marine services

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