Property News · August 17, 2017

Swire Properties posts 30 per cent jump in first-half underlying profit on higher sales


Swire Properties, one of Hong Kong’s largest property developers, has reported interim earnings that beat analysts’ forecasts, helped by increasing sales and higher margins on luxury real estate sold in the city.
The company’s underlying profit rose 30 per cent to HK$4.6 billion (US$588 million) in the six months ended June, while sales increased 46 per cent from a year earlier to HK$11.5 billion, beating the HK$11.3 billion consensus forecast of analysts polled by Bloomberg….

Source : South China Morning Post
Read more…Swire Properties posts 30 per cent jump in first-half underlying profit on higher sales

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