Conglomerate aims to adopt aggressive investment strategy on the mainland
Swire Pacific sees a substantial upside in rentals from property investment this year and aims to adopt a more aggressive expansion strategy on the mainland.
The positive statement from the conglomerate - whose operations cover property, aviation, trading, retail and marine - came in response to concerns that the company's revenue, particularly from rental income, had lagged behind the market average.
Swire yesterday reported net profit of $18.75 billion for the year to December, down 0.3 per cent from 2004.
The company announced a final dividend of $1.46 per A share and 29.2 cents per B share.
Swire has long been criticised for its conservative investment strategy and business expansion in the mainland.
