Annual Report 2014
Trading &
Industrial

Maximising Brand Potential

Attributable profit from the Trading & Industrial Division in 2014 increased by 78% to HK$423 million. The increase principally reflects higher sales volume and non-recurring profits from Taikoo Motors, higher profits from Akzo Nobel Swire Paints and reduced losses from Campbell Swire. This was partly offset by lower profits from Swire Retail and higher start-up costs from Swire Pacific Cold Storage.

2014 Movement in Underlying Profit
Results benefited from higher sales volume and non-recurring profits from Taikoo Motors, higher profits from Akzo Nobel Swire Paints and reduced losses from Campbell Swire. There were lower profits from Swire Retail and higher start-up costs at Swire Pacific Cold Storage.
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2014 Performance Highlights
Taikoo Motors Revenue
+26%
Swire Retail Revenue
+12% (excl. Columbia China)
Swire Foods Revenue
+10%
Brands
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