Strong Property Division Performance
The Property division showed strong underlying profit, boosted by the disposal of Miami retail and land assets. The division is 67% committed to a HKD 100 billion investment plan over 10 years, with 7 major projects underway in the Chinese Mainland.
Successful Real Estate Sales in China
Swire Properties sold out two batches of residences in Lujiazui Taikoo Yuan, Shanghai, marking a significant milestone as it is the first time the brand has entered the residential sector in the Chinese Mainland.
Positive Aviation Sector Performance
Aviation, particularly Cathay and HAECO, continues to perform well. HAECO achieved a 40% growth in recurring profit, driven by increased demand for maintenance services.
Beverage Division Growth in China
Revenue from the Chinese Mainland increased by 3%, with EBITDA margin improving to 12.8%. The company continues to invest in new production facilities in China.
Progress in Health Care Division
DeltaHealth achieved Class C standard for cardiovascular specialty, enhancing its reputation and patient referrals. The Indonesian venture continues to be profitable.