Brief: Swire Properties Posts FY Revenue HK$14,719 Mln Vs HK$18,558 Mln

Swire Properties

14/03/2019 04:10

March 14 (Reuters) - Swire Properties Ltd  1972.HK :
    * SWIRE PROPERTIES LTD - FY NET PROFIT ATTRIBUTABLE HK$
28,666
MILLION VERSUS HK$33,957 MILLION
    * SWIRE PROPERTIES LTD - FY REVENUE HK$ 14,719 MILLION
VERSUS
HK$18,558 MILLION
    * SWIRE PROPERTIES LTD - DECLARED SECOND INTERIM DIVIDEND OF
HK$
0.57 PER SHARE
    * SWIRE PROPERTIES LTD - IN CENTRAL DISTRICT OF HONG KONG,
REDUCED
DEMAND IS EXPECTED TO EXERT DOWNWARD PRESSURE ON OFFICE RENTS
    * SWIRE PROPERTIES LTD - HIGH OCCUPANCY AND LIMITED SUPPLY
ARE
EXPECTED TO UNDERPIN OFFICE RENTS AT PACIFIC PLACE
    * SWIRE PROPERTIES LTD - IN HONG KONG, WE EXPECT RETAIL
SALES TO
REMAIN STABLE IN 2019
    * SWIRE PROPERTIES LTD - RETAIL SALES ARE EXPECTED TO GROW
STEADILY IN BEIJING IN 2019
    * SWIRE PROPERTIES LTD - TRADING CONDITIONS FOR EXISTING
HOTELS
ARE EXPECTED TO BE STABLE IN 2019
    * SWIRE PROPERTIES - BEIJING OFFICE RENTS EXPECTED TO BE
UNDER
PRESSURE IN 2019, WITH HIGHER SUPPLY IN CENTRAL BUSINESS
DISTRICT, HIGHER VACANCY RATES
    * SWIRE PROPERTIES LTD - SHANGHAI RETAIL SALES ARE EXPECTED
TO
GROW STEADILY IN 2019

Source text for Eikon:  ID:nHKS9Zk9g3 
Further company coverage:  1972.HK 

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