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00019 SWIRE PACIFIC A
RTNominal unchange62.250 0.000 (0.000%)
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20/07/2018 17:45

Swire Pacific (00019) issues profit warning

[ET Net News Agency, 20 July 2018] Swire Pacific (00019) said impairment charges
regarding Swire Pacific Offshore's (SPO) fleet currently estimated at HK$3,900 million
are expected to be made against the consolidated profits of Swire Pacific for the first
half of 2018.
SPO's attributable loss for the first half of 2018 (before the impairment charge) is
expected to be about HK$663 million, compared with HK$692 million in the first half of
2017.
The impairment charge will have a material adverse effect on the consolidated underlying
profit attributable to the shareholders of Swire Pacific for that period.
But the performance of the other divisions of Swire Pacific is broadly in line with or
better than that indicated under Outlook in the chairman's statement in the 2017 Swire
Pacific annual report. (KL)

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