Jin Rong Jie·2025-08-07 08:12Core Viewpoint - Swire Properties (01972) reported a strong performance for the first half of 2025, with significant revenue and profit growth, leading to a positive market reaction with a nearly 3% increase in stock price [1] Financial Performance - The company reported a revenue of HKD 8.723 billion, representing a year-on-year increase of 20% [1] - Shareholder's basic profit reached HKD 4.42 billion, up 15% year-on-year [1] - Basic earnings per share were HKD 0.76, with an interim dividend of HKD 0.35 per share, reflecting a 3% increase [1] Key Drivers - The profit increase was primarily driven by the sale of interests in Brickell City Centre mall, parking spaces, and several shared facilities, as well as profits from adjacent land [1] - Citigroup's report indicated that the recurring basic profit decreased by 4% to HKD 3.42 billion, achieving 55% of the bank's full-year forecast for the company [1] Dividend Policy - The interim dividend payout ratio based on basic profit stands at 52%, aligning with the company's target of single-digit growth in dividends [1] - The company did not announce any new share buyback plans during the period, which may lead to initial negative reactions in the stock price [1]