Property News · August 10, 2021

Wharf’s first-half results improve, helped by resurgent sales of luxury homes in Hong Kong and strong consumption in China


Wharf Holdings, one of Hong Kong’s biggest builders of luxury homes and shopping centres, improved its first-half financial results, as strong sales of ultra-expensive residences and investment gains bolstered its bottom line.The company’s underlying interim net loss narrowed by 53.5 per cent to HK$526 million (US$67.58 million) from HK$1.13 billion loss in the first half of 2020, after an impairment charge of HK$3.65 billion, Wharf said in a filing to the Hong Kong stock exchange. Including…

Source : South China Morning Post
Read more…Wharf’s first-half results improve, helped by resurgent sales of luxury homes in Hong Kong and strong consumption in China

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