Property News · August 8, 2019

Wharf Holdings warns China’s stringent property curbs could weigh on future profit


Hong Kong-listed Wharf Holdings, a leading developer in China with 100 billion yuan (US$14.2 billion) worth of assets, said mounting curbs in the mainland’s housing market could seriously affect its profitability, as it posted a 12 per cent drop in first-half underlying profit.The company’s underlying profit stood at HK$2.24 billion (US$285 million) for the six months ended June 30 versus HK$2.53 billion a year earlier.“This year, we see the severity of the curbs is even more higher,…

Source : South China Morning Post
Read more…Wharf Holdings warns China’s stringent property curbs could weigh on future profit

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