Properties Continue to Shine for Swire Pacific; FVE Increased to HKD 87
In line with the previous half, the property division was again the highlight, underpinning Swire Pacific's solid 2017 result. A stronger result for the beverage business from the realignment in its operation in mainland China and an expansion in geographies in the United States helped offset the group's weaker results from aviation and marine services. The latter two divisions' performance was as expected, as restructuring at Cathay Pacific and HAECO America is continuing and a recovery in the ...Swire Pacific is a holding company. Co. operates in five divisions: property, which is engaged in developing, owning and operating mixed-use, principally commercial properties in Hong Kong and Mainland China; aviation, which comprises investments in the Cathay Pacific group and the Hong Kong Aircraft Engineering Company group; beverages, which manufactures, markets and distributes refreshing soft drinks; marine services, which invest in vessels and equipment and develop its services with a view to providing offshore support to the global oil and gas industry; and Trading & Industrial, which markets and sells internationally branded goods to consumers.
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