OREANDA-NEWS. March 19, 2013. Swire Pacific Limited?s consolidated profit attributable to shareholders for 2012 was HKD 17,484 million, compared to HKD 32,210 million in 2011.

Under lying profit attributable to shareholders, which principally adjusts for changes in the valuation of investment properties, decreased by HKD 8,948 million to HKD 8,344 million.

Adjusted to exclude the effect of non - recurring items (the most significant being the HKD 8,615 million profit on disposal of Festival Walk in 2011), underlying profit decreased by HKD 818 million or 9% to HKD 7,910 million.

The decrease in adjusted underlying profit reflects significantly lower profit from the Cathay Pacific group and lower profits from the Beverages and Trading & Industrial Divisions. There were higher profits from the Property and Marine Services Divisions and from the Hong Kong Aircraft Engineering Company Limited (“HAECO”) group.

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