On August 10th, during the midday, Swire Properties (HK.01972) released its interim results for 2023: Revenue increased by 5.9% YoY to HKD 7.297 billion (compared to HKD 6.91 billion in the same period of 2022), and attributable net profit to shareholders was HKD 2.223 billion (compared to HKD 4.348 billion in the same period of 2022). The decrease in net profit was mainly due to a property valuation loss of HKD 1.332 billion in the first half of this year, whereas the same period last year saw a property valuation profit of HKD 701 million.
The financial report indicates that the gro …
