Swire Pacific H1 Net Profit Down 65%
Swire Pacific Ltd (OTC: SWRAY) reported a 65% drop in its first-half net profit.
Swire Pacific's net profit for the period declined to 8.44 billion Hong Kong dollars (US$1.09 billion), versus HK$23.95 billion, in the year-ago period. Its underlying profit declined 51% to HK$2.26 billion, from HK$4.60 billion.
Swire Pacific's revenue jumped 14% to HK$19.39 billion, versus HK$17.08 billion.
Swire Pacific shares closed at $12.40 yesterday.
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