Summary by Moomoo AI
SWIREPROPERTIES announced its earnings forecast for 2024, expecting a full-year recurring net profit attributable to Shareholders of approximately 6.5 billion Hong Kong dollars, a decrease compared to 7.3 billion Hong Kong dollars in 2023, mainly impacted by increased net financial expenditures and a decrease in rental income from Hong Kong office buildings. The basic profit is expected to be around 6.8 billion Hong Kong dollars, a significant drop from 11.6 billion Hong Kong dollars in 2023, primarily due to the absence of a one-time profit of 3.3 billion Hong Kong dollars gained from the sale of nine floors of the Hong Kong Island East Center in 2023 and a decline in profits from the sale of parking spaces in Hong Kong in 2024. It is expected that a...Show More
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