Taikoo plans to reduce profit often this year

Swire Pacific announced that it expects the consolidated recurring basic profit to be lower than last year

mainly due to the expected performance of Cathay Pacific (293). However, after considering the sale of investment properties and other non-recurring factors.

It is expected that the consolidated basic profit for this year will still be significantly higher than last year

Taikoo pointed out that in the real estate sector, retail sales of its stores continued to be affected

due to the continued demonstrations in Hong Kong, and some retail tenants have been offered rental concessions

In addition, the demonstrations have reduced the number of Cathay Pacific passengers, so it is no longer expected that Cathay Pacific’s performance in the second half of this year will be better than the first half.

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