HONG KONG -- Thursday's first-half results appear solid on the surface for Swire Pacific, one of the largest Asian conglomerates based in Hong Kong, but digging deeper shows lingering issues drilling back underlying performance.
"I would say the performance was sound," finance director Michelle Low Mei Shuen said at a briefing. She was referring to an 11% growth in net profit attributable to shareholders to 13.5 billion Hong Kong dollars ($1.72 billion), on a 5% revenue increase to HK$42.26 billion from a year earlier.
