Brief: Swire Properties HY reported net profit HK$ 5.33 bln vs HK$8.49 bln

Swire Properties

18/08/2016 05:01

Aug 18 (Reuters) - 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 
 
* Source text for Eikon  ID:  
 
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