Edition:
United States

Swire Properties Ltd (1972.HK)

1972.HK on Hong Kong Stock

24.60HKD
24 Mar 2017
Change (% chg)

HK$0.25 (+1.03%)
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Latest Key Developments (Source: Significant Developments)

Swire Properties HY reported net profit HK$ 5.33 bln vs HK$8.49 bln<1972.HK>
Thursday, 18 Aug 2016 12:01am EDT 

Swire Properties Ltd <1972.HK>: 2016 interim results <1972.HK> . HY reported net profit hk$ 5.33 billion versus hk$8.49 billion year ago . HY revenue hk$ 7.89 billion versus hk$9.39 billion year ago . Demand for office space in Hong Kong is likely to be subdued in the second half of the year . First interim dividend of hk$ 0.23 per share . Fall in retail sales in hong kong has made retailers more cautious . In H2, property trading profits are expected to continue to be recognised on sales of residential units in Miami and in Hong Kong . Residential leasing market is expected to be stable in the second half of 2016." . Hotels are expected to continue to face difficult conditions in the second half of 2016" . Regarding office space, high occupancy in properties is likely to underpin rents .  Full Article

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