Brief: Swire Properties Expects Substantial Decrease In Profit Attributable For Six Months

Swire Properties

15/06/2020 11:23

June 15 (Reuters) - Swire Properties Ltd  1972.HK :
    * SWIRE PROPERTIES LTD - EXPECT SUBSTANTIAL DECREASE IN
PROFIT
ATTRIBUTABLE FOR SIX MONTHS ENDING 30TH JUNE
    * SWIRE PROPERTIES SEES A LOSS ON REVALUATION OF INVESTMENT
PROPERTIES, NET OF DEFERRED TAX, OF ABOUT HK$2.6 BILLION IN
FIRST SIX MONTHS
    * SWIRE PROPERTIES LTD - HOTEL INTERESTS EXPECTED TO MAKE A
LOSS
IN FIRST SIX MONTHS
    * SWIRE PROPERTIES-  PROFITS ON SALE OF INVESTMENT
PROPERTIES NOT
EXPECTED TO BE SIGNIFICANT IN FIRST SIX MONTHS
    * SWIRE PROPERTIES- LOSS PRINCIPALLY REFLECTS EFFECT OF
ADVERSE
MARKET CONDITIONS & COVID-19 ON VALUATION OF INVESTMENT
PROPERTIES IN HK

Source text for Eikon:  ID:nHKS9cvxBk 
Further company coverage:  1972.HK 

 ((Reuters.Briefs@thomsonreuters.com;))