HONG KONG -- Swire Pacific, a Hong Kong-listed conglomerate spanning businesses from property to aviation, announced Thursday that its profit took a dive due the city's real estate woes, even as other key operations like Cathay Pacific Airways performed better.
Property
Swire profit falls 85% as Hong Kong office slump seen dragging into 2027
Property revaluation losses cancel out bounce from Cathay Pacific, Coca-Cola
Weakness in Swire Pacific's main property business overwhelmed gains at its airline and drinks operations to push its profit for 2024 sharply lower. (Source photos by AP and Shinya Sawai)
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