8th August 2024
Swire Pacific Limited Announces 2024 Interim Results
Swire Pacific announces 2024 interim results. Below are the performance highlights of Swire Coca-Cola:
- The results of Swire Coca-Cola in the first half of 2024 were adversely affected by the disposal of SCCU in the second half of 2023, partly offset by the share of profit from newly acquired franchise businesses in Thailand and Laos.
- Attributable profit was HK$878 million in the first half of 2024, a 38% decrease from its attributable profit of HK$1,423 million in the first half of 2023.
- Disregarding both the effect of the disposal of SCCU and the acquisition of TNTC and Lao Coca-Cola Bottling Co., Ltd., there was a decrease of 2% in the recurring attributable profit from the first half of 2023.
- Total revenue (including that of Shanghai ShenMei and excluding that of TNTC, LCCB and sales to other bottlers) was HK$17,805 million.
- Sales volume reached 862 million unit cases.
- Both revenue and volume dropped in the Chinese Mainland and Hong Kong, while both increased in Taiwan. In South East Asia, revenue (excluding TNTC and LCCB) dropped but volume increased.
