No light at end of the retail tunnel for SwireRevealing the results are Merlin Swire, center, Swire Pacific finance director Michelle Low and Guy Bradley. SING TAOSwire Properties (1972) saw no signs of recovery in Hong Kong's retail market, but it is rebuilding the residential pipeline, according to Guy Bradley, chief executive of Swire Properties. First half net loss was HK$7.73 billion, compared to a net profit of HK$7.93 billion a year before. Swire Pacific declared first interim dividends of HK$0.7 per A share and HK$0.14 per B share. Swire Pacific and Swire Properties chairman Merlin Swire said the group will review dividend payment and remain open-minded to non-core asset sales.

Source: The Standard August 13, 2020 19:07 UTC