智通财经网·2025-08-07 04:55Core Viewpoint - Swire Properties (01972) reported a 20% year-on-year increase in revenue for the first half of 2025, amounting to HKD 8.723 billion, alongside a 15% rise in attributable profit to HKD 4.42 billion [1] Financial Performance - The basic earnings per share for the first half of 2025 were HKD 0.76, with an interim dividend of HKD 0.35 per share [1] - The increase in basic profit was primarily due to the sale of interests in Brickell City Centre mall, parking spaces, and certain common facilities, as well as profits from adjacent land [1] - However, the recurring basic profit attributable to shareholders decreased by 4%, from HKD 3.57 billion in the first half of 2024 to HKD 3.42 billion in the first half of 2025, mainly due to a decline in rental income from Hong Kong office buildings and increased sales and marketing expenses for upcoming residential projects [1] Investment Property Valuation - The fair value loss on investment properties for the first half of 2025 was HKD 4.68 billion, compared to HKD 879 million in the same period of 2024 [1] - The fair value changes are non-cash in nature and do not impact the company's operating cash flow or attributable basic profit [1] - The company's balance sheet remains strong, and the fair value changes are not expected to affect its investment strategy [1]