Swire Properties swings to profit as mainland China malls race ahead of Hong Kong
A landlord's interim results show mainland China flagship malls posting double- and triple-digit sales growth on new luxury openings, while Hong Kong's retail recovery stays in single digits.
Swire Properties reported a swing to profit for the first half of 2026, with reported profit attributable to shareholders of HK$3,631m, against a loss of HK$1,202m in the same period last year, according to the Hong Kong-listed landlord's interim results announced on 6 August. The company's underlying profit, which strips out non-cash property valuation swings, rose 11% to HK$4,900m, while recurring underlying profit — which also excludes one-off divestment gains — climbed 36% to HK$4,661m.