Property News · March 12, 2019

Wheelock sets a ‘conservative’ sales target of HK$10 billion this year after reporting 9 per cent rise in core profit


Wheelock and Co, which invests in property, hotels and logistics, set a conservative sales target of about HK$10 billion (US$1.27 billion) for this year after the group reported a modest gain in core profit for last year.Underlying profit, excluding revaluation gains on investment properties, amounted to HK$13.2 billion (US$1.69 billion) for the year to December 31, up 9 per cent from 2017.“We will increase our sales volume as a way to reduce interest expenses, maintenance cost and decoration…

Source : South China Morning Post
Read more…Wheelock sets a ‘conservative’ sales target of HK billion this year after reporting 9 per cent rise in core profit

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