trending Market Intelligence /marketintelligence/en/news-insights/trending/uL-OBafqe2niN8VpxYacoQ2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

Wharf REIC fiscal H1 underlying net profit grows 3% YOY

Blog

Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage

Blog

Corporate Credit Risk Trends in Developing Markets: A Loss Given Default (LGD) Perspective

Blog

Real Estate News & Analysis: May Edition

Blog

Corporate Credit Risk Trends in Developing Markets: A Probability of Default Perspective


Wharf REIC fiscal H1 underlying net profit grows 3% YOY

Wharf Real Estate Investment Co. Ltd.'s underlying net profit for the six months ended June 30 amounted to HK$5.18 billion, or HK$1.71 per share, up 3% from HK$5.02 billion, or HK$1.65 per share, a year earlier.

However, due to a decline in revaluation surplus of investment properties, the Hong Kong-based property company's net profit for the first half dropped 31.3% to HK$6.99 billion, or HK$2.30 per share, from HK$10.18 billion, or HK$3.35 per share, a year earlier.

Consolidated revenue rose 4% year over year to HK$8.50 billion from HK$8.15 billion, while operating profit increased 6% to HK$6.72 billion from HK$6.35 billion.

For the first half, Wharf REIC declared a dividend of HK$1.10 per share, which will be distributed on Sept. 10 to shareholders on record as of Aug. 23.