Swire Properties Reports 11% Rise in Underlying Profit to HK$4.9 Billion for First Half of 2026

Stock News
Aug 06

SWIREPROPERTIES (01972) has announced its interim results for the first half of 2026, reporting a revenue of HK$9.413 billion, an increase of 8% year-on-year.

Underlying profit attributable to shareholders rose by 11% to HK$4.9 billion, with basic earnings per share reaching HK$0.85. The board has declared an interim dividend of HK$0.37 per share.

Despite market uncertainties, the company maintains a strong foundation. SWIREPROPERTIES has demonstrated stability across different market cycles, leveraging its high-quality assets, deep community-building experience, and consistent execution capabilities.

The company's development projects are progressing well, and its disciplined capital management approach highlights its unique advantage in creating a diversified property portfolio across its three core markets: Hong Kong, Mainland China, and Southeast Asia.

The 11% increase in underlying profit for the first half of 2026 was primarily driven by gains from the sale of two detached houses at 6 Deep Water Bay Road. This was partially offset by the non-recurring profit recognized in the first half of 2025 from the sale of the Brickell City Centre shopping mall and adjoining land interests in Miami, USA.

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