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  • Sep 23, 2014
  • Updated: 7:33pm

Swire Pacific

Swire Group, whose activities span property, aviation, beverages, marine services, and trading and industrial, is a Hong Kong conglomerate. It is the parent of Hong Kong carrier, Cathay Pacific Airways, and Dragonair, and Hong Kong Aircraft Engineering Co (Haeco) is a subsidiary. Swire Pacific and Swire Properties are the main listed arms of the group, which also owns Swire Hotels. 

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Swire Pacific says profit slumps, mainly due to Cathay

PUBLISHED : Thursday, 14 March, 2013, 12:57pm
UPDATED : Thursday, 14 March, 2013, 12:57pm

Hong Kong conglomerate Swire Pacific said net profit fell 46 per cent to HK$17.5 billion in 2012, blaming a sharply reduced contribution from Cathay Pacific Airways.

On Wednesday, Cathay Pacific said net full-year profit fell 83 per cent reported net profit of HK$916 million. Swire Pacific is a substantial shareholder in Cathay Pacific.

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