Property News · March 10, 2017

Wheelock shares hit historic high after record annual core profit. Officials expect HK home prices to rise 5 pc this year


Wheelock and Company Limited, the Hong Kong property and logistics conglomerate that controls Wharf Holdings, saw its shares surge to a record high on Friday following strong core earnings for 2016, thanks to a greater profit contribution from Wharf, strong home sales in the mainland and Hong Kong, and robust rental income.
Annual core profit, excluding investment property revaluation gains and exceptional items, surged 11 per cent to HK$11.8 billion in 2016, the company revealed.
Net profit…

Source : South China Morning Post
Read more…Wheelock shares hit historic high after record annual core profit. Officials expect HK home prices to rise 5 pc this year

You may also like...