Swire Pacific reports net up 16%

Swire Pacific Ltd<19> on Thursday posted a 16% rise in net profits last year thanks to value increases in its properties.

The Hong Kong-based enterprise saw its 2007 nets gaining 16% to HK$26.26 billion, compared with 2006's US$17.05 billion, while its revenue rose from HK$19.11 billion to HK$21.55 billion, registering a year-on-year increase of 13%.

Swire Pacific Limited is one of Hong Kong's leading listed companies, with diversified interests in five operating divisions: property, aviation, beverages, marine services and trading & industrial. The company's operations are predominantly based in the Greater China region, where the Swire group has been established for over 130 years.