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Swire Pacific Limited (SWRAY) Q4 2024 Earnings Call Transcript Summary
On March 13, Swire Properties Ltd (00087) spent 2.9732 million Hong Kong dollars to repurchase 0.27 million shares.
SWIRE PACIFIC B (00087) announced that on March 13, 2025, the company invested 297.32...
Hong Kong stocks movement | Swire Pacific's annual basic earnings decreased by 71% year-on-year. Swire A (00019) and Swire B (00087) both dropped over 7% in the afternoon.
After a sharp decline in the Swire Group's performance, as of the time of this report, Swire A (00019) fell 6.15%, reporting at HKD 68.7; Swire B (00087) fell 5.8%, reporting at HKD 10.72.
Swire Pacific Reports Profit Decline
Swire Pacific Declares Second Interim Dividend for 2024
In the 2024 fiscal year, Swire Properties (00019.HK/00087.HK) recorded a 85% drop in attributable profit to 4.321 billion HK dollars.
Gelonghui March 13丨Swire Group (00019.HK/00087.HK) announced its annual results for the year ending December 31, 2024, with group revenue of 81.969 billion Hong Kong dollars, a year-on-year decrease of 14%; the profit attributable to shareholders was 4.321 billion Hong Kong dollars, a year-on-year decrease of 85%; the basic profit attributable to shareholders after deducting losses from the changes in fair value of investment properties was 10.471 billion Hong Kong dollars, a year-on-year decrease of 71%; after excluding changes in the fair value of investment properties and significant non-recurring items, Swire Group recorded a recurring basic profit of 9.284 billion Hong Kong dollars in 2024.
