Swire Pacific Limited today released its annual results for 2017, showcasing a varied performance across its different divisions.

Property Division

The property division remained a key contributor to the group’s earnings, driven by strong performance in Hong Kong and Mainland China. Rental income saw steady growth, and development projects progressed according to plan.

Aviation Division

Cathay Pacific, Swire’s flagship aviation business, continued to face headwinds from intense competition and rising fuel costs. Restructuring efforts are underway to improve efficiency and profitability.

Beverages Division

The beverages division, primarily focused on Coca-Cola bottling operations, delivered solid results, benefiting from increased sales volume and effective cost management.

Marine Services Division

The marine services division experienced a challenging year due to the downturn in the offshore oil and gas industry. The company is actively seeking opportunities to diversify its business and reduce its reliance on this sector.

Trading & Industrial Division

This division, encompassing a range of businesses, reported mixed results. Some segments performed well, while others were impacted by adverse market conditions.

Outlook

Looking ahead, Swire Pacific remains cautiously optimistic about its prospects. The company will continue to focus on its core businesses, pursue strategic investments, and enhance operational efficiency to deliver sustainable long-term growth.

Key Highlights:

• Property division remains strong.
• Cathay Pacific faces ongoing challenges.
• Beverages division delivers solid results.
• Marine services impacted by industry downturn.