Strategic Investments and Expansion
Swire Pacific continued to invest in various segments, including a commitment of HK$67 billion of the HK$100 billion investment plan in Swire Properties and a significant increase in its stake to 56% in the Thai bottler ThaiNamthip. The company also launched its first residential projects in Shanghai.
Strong Aviation Performance
Cathay Pacific achieved a 45% growth in recurring profit, driven by strong passenger travel demand and cargo performance. The company committed a further HK$100 billion over the next seven years in re-fleeting.
Improved Recurring Profit in Beverages
Recurring profit from the Chinese Mainland in the beverages segment increased by 11%, driven by price increases. The overall beverage business expanded into Southeast Asia, providing significant growth opportunities.
Sustainability Achievements
Swire Properties became number one in the Dow Jones Best-in-Class World Index for Real Estate Management and Development Industry, showcasing strong sustainability credentials.