Brief: Swire Properties Says HY Profit Attributable HK$1,029 Mln

Swire Properties

13/08/2020 05:14

Aug 13 (Reuters) - Swire Properties Ltd  1972.HK :
    * HY REVENUE HK$ 6,551 MILLION VERSUS HK$7,510 MILLION
    * HY PROFIT ATTRIBUTABLE HK$1,029 MILLION VERSUS HK$8,973
MILLION
    * DEMAND FOR OFFICE SPACE IN HONG KONG EXPECTED TO BE WEAK
IN
SECOND HALF OF 2020
    * SOCIAL UNREST AND COVID‐19 HAVE SEVERELY AFFECTED RETAIL
BUSINESSES IN HONG KONG
    * RETAIL SALES (EXCEPT IN SUPERMARKETS AND OF DAILY
NECESSITIES)
HAVE FALLEN SHARPLY
    * RETAIL SALES ARE EXPECTED TO CONTINUE TO IMPROVE FOR THE
REST OF
YEAR
    * COVID‐19 RESTRICTIONS LIKELY TO MAKE TRADING CONDITIONS
DIFFICULT FOR HOTELS FOR REST OF 2020

Source text for Eikon:  ID:nHKS776BC3 
Further company coverage:  1972.HK 

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