An announcement from Swire Pacific ( (HK:0019) ) is now available.
Swire Pacific Limited reported a significant decline in its 2024 financial performance, with a notable drop in profit attributable to shareholders by 85% and a 70% reduction in dividends per ‘A’ share. The company’s revenue decreased by 14%, and operating profit fell by 86%, reflecting challenging market conditions and a decrease in the fair value of investment properties. Despite these setbacks, Swire Pacific made progress in sustainability, reducing greenhouse gas emissions by 12% and energy consumption by 16%, indicating a commitment to environmental responsibility.
More about Swire Pacific
Swire Pacific Limited is a diversified conglomerate based in Hong Kong, primarily engaged in property, aviation, beverages, marine services, and trading and industrial businesses. The company operates in various markets, focusing on sustainable growth and value creation across its portfolio.
YTD Price Performance: 5.54%
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $11.77B
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