Hong Kong developer Wharf (Holdings) swung to a profit in the first half, supported by lower borrowing costs and a recovery in the city’s luxury housing market that offset weaker demand in its mainland China operations.
Profit attributable to equity shareholders came in at HK$535 million (US$68.2 million), reversing a HK$2.64 billion loss a year earlier, according to a filing to the Hong Kong stock exchange on Tuesday.
Underlying net profit, a reflection of the company’s business operations…
Source : South China Morning Post
Read more…Wharf posts first-half profit as Hong Kong luxury market offsets mainland woes















