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Swire Properties 2014 Underlying Profit Rises


Swire Properties Ltd. (OTC: SWROY) reported a rise in its 2014 underlying profit.

Swire Properties' underlying profit for the year climbed to 7.15 billion Hong Kong dollars (US$921.6 million), versus a year-ago profit of HK$6.35 billion.

The company's consolidated net profit dropped to HK$9.52 billion, versus HK$12.53 billion in 2013. Its revenue climbed 19% to HK$15.39 billion.

Gross rental income jumped 6.65% to HK$10.32 billion.

Swire Properties proposed a final dividend of 44 Hong Kong cents per share, versus 40 Hong Kong cents per share in 2013.


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Posted-In: underlying profitEarnings News