Brief: Swire Properties Posts FY Revenue Of HK$14,670 Million

Swire Properties

14/03/2024 04:07

March 14 (Reuters) - Swire Properties Ltd  1972.HK :
    * FY REVENUE HK$14,670 MILLION VERSUS HK$13,826 MILLION
    * HONG KONG RETAIL PORTFOLIO HAS RECOVERED  REMARKABLY WELL
    * IN HK, OFFICE MARKET REMAINS WEAK, GIVEN INCREASED
AVAILABILITY
& DEMAND FOR OFFICE SPACE REMAINS SUBDUED
    * FY PROFIT ATTRIBUTABLE HK$2,637 MILLION VERSUS HK$7,980
MILLION
    * AS WE LOOK AHEAD TO 2024, ANTICIPATE NEW CHALLENGES,
PARTICULARLY GIVEN CURRENT MACRO- ECONOMIC UNCERTAINTIES
    * EXPECT 2024 TO BE A YEAR OF MARKET STABILISATION
    * EXPECT THAT FOOTFALL AND TENANTS' SALES WILL CONTINUE TO
IMPROVE
IN HONGKONG
    * EXPECT PERFORMANCE OF HOTELS IN HONG KONG AND CHINESE
MAINLAND
TO IMPROVE WITH MORE VISITORS IN 2024
    * REMAIN OPTIMISTIC AND SEE POTENTIAL  FOR SUSTAINABLE
GROWTH IN
2024 AND BEYOND
    * DECLARED SECOND INTERIM DIVIDEND OF HK$0.72 PER SHARE

Further company coverage:  1972.HK 

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