Property News · March 16, 2017

Swire Properties’ 2016 core profit edges up 1 pc to HK$7.11 b, missing analysts estimates


Swire Properties, one of Hong Kong’s oldest and largest builders of luxury homes and grade-A offices, reported a core profit figure that missed analysts’ estimates, as its twin focus of villas and commercial space missed out on the boom in the world’s most expensive real estate market.
Net profit rose 7 per cent to HK$15.05 billion, while revenue rose 2 per cent to HK$16.8 billion. Underlying profit, a measure that excludes revaluation gains in investment properties, edged up…

Source : South China Morning Post
Read more…Swire Properties’ 2016 core profit edges up 1 pc to HK.11 b, missing analysts estimates

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