MARKETS & INVESTING | Staff Reporter, Hong Kong

Swire Pacific's consolidated profit for 1H16 hit HK$5.06b

It's almost HK$3b lower y-o-y.

Swire Pacific Limited has announced its 2016 interim results, with consolidated profit attributable to shareholders for the first half of 2016 was HK$5,061 million, HK$2,916 million lower than for the first half of 2015.

According to a release from Swire Pacific, underlying profit attributable to shareholders, which principally adjusts for changes in the valuation of investment properties,
decreased by HK$1,285 million or 27% to HK$3,548 million.

The decrease in underlying profit reflects worse results from all divisions and the absence of profits from sales of units at OPUS HONG KONG recorded in the comparative period.

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