Swire Pacific today released its interim results, highlighting varied performance across its different divisions. The company’s property division reported steady growth, driven by strong demand in Hong Kong and mainland China. However, the aviation sector experienced headwinds due to rising fuel costs and increased competition.

Key Highlights

• Property division saw an increase in revenue and underlying profit.
• Aviation sector profits were negatively impacted by high fuel prices.
• Beverages division performed well, with growth in key markets.
• Marine services faced challenges due to the downturn in the offshore oil and gas industry.

The company remains cautiously optimistic about the future, acknowledging the uncertain global economic outlook. Swire Pacific plans to focus on its core businesses and pursue strategic growth opportunities while managing costs effectively.

Divisional Performance

Further details on divisional performance will be available in the full interim report, which can be accessed on the company’s website. Management will also host a conference call to discuss the results and answer questions from investors and analysts.