Swire Pacific Reports Record Profit Thanks to Cathay's Success

Thursday, 14 March 2024, 07:31

Swire Pacific, a conglomerate based in Hong Kong, recently announced a record profit of US$4.6 billion for 2023, a significant increase compared to the previous year. This remarkable growth was largely attributed to the success of Cathay Pacific, a key subsidiary of Swire Pacific. The company is now focusing on expanding into the healthcare sector for future growth opportunities.
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Swire Pacific Reports Record Profit Thanks to Cathay's Success

Swire Pacific's Remarkable Growth

Swire Pacific, a conglomerate based in Hong Kong, has reported a record profit of US$4.6 billion for 2023, marking a substantial increase from the previous year.

Key Highlights:

  • 2023's profit: US$4.6 billion
  • 2022's profit: HK$4.7 billion (US$0.6 billion)

The outstanding performance was mainly driven by the success of Cathay Pacific, a key subsidiary of Swire Pacific.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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