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Hong Kong’s Swire Pacific profit slides on property slump, Cathay stabilises

Swire Pacific's profit fell 85% due to property losses and the sale of its US Coca-Cola franchise. Underlying profit decreased by 11%. Cathay Pacific's earnings stabilized. Swire Properties experienced losses in Hong Kong due to a weak office market and declining retail income, but saw improvement in mainland China's retail sector. The company is shifting its beverage focus to Thailand and Laos.
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