Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
01972 SWIREPROPERTIES
RTNominal unchange16.440 0.000 (0.000%)
Others

15/06/2020 16:53

Swire Properties (01972) sees decrease in interim net

[ET Net News Agency, 15 June 2020] Swire Properties Limited (01972) expects that there
will be a substantial decrease in the profit attributable to its shareholders for the six
months ending 30 June 2020, as compared to the same period in 2019.
It is expected that there will be a loss on revaluation of investment properties, net of
deferred tax, of approximately HK$2.6 billion in the first six months of 2020, compared
with a profit on revaluation of investment properties, net of deferred tax, of
approximately HK$3.6 billion in the first six months of 2019. The loss principally
reflects the effect of adverse market conditions and COVID-19 on the valuation of
investment properties in Hong Kong and retail investment properties in the U.S.A.
Profits on the sale of investment properties, which were significant in the first six
months of 2019, are not expected to be significant in the first six months of 2020. The
hotel interests, which recorded a profit in the first six months of 2019, are expected to
make a loss in the first six months of 2020. (RC)

Remark: Real time quote last updated: 28/03/2024 18:00
  Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service
A Member of HKET Holdings
Customer Service Hotline:(852) 2880 7004     Customer Service Email:cs@etnet.com.hk
Copyright 2024 ET Net Limited. http://www.etnet.com.hk ET Net Limited, HKEx Information Services Limited, its Holding Companies and/or any Subsidiaries of such holding companies, and Third Party Information Providers endeavour to ensure the availability, completeness, timeliness, accuracy and reliability of the information provided but do not guarantee its availability, completeness, timeliness, accuracy or reliability and accept no liability (whether in tort or contract or otherwise) any loss or damage arising directly or indirectly from any inaccuracies, interruption, incompleteness, delay, omissions, or any decision made or action taken by you or any third party in reliance upon the information provided. The quotes, charts, commentaries and buy/sell ratings on this website should be used as references only with your own discretion. ET Net Limited is not soliciting any subscriber or site visitor to execute any trade. Any trades executed following the commentaries and buy/sell ratings on this website are taken at your own risk for your own account.