Property News · August 14, 2017

Wheelock’s first half net profit up 10.26pc on rising rental income


Hong Kong property and logistics conglomerate Wheelock and Co reported a 10.26 per cent rise in first half net profit to HK$6.24 billion (US$798 million) due to rising rental contribution at subsidiary Wharf Holdings.
It recorded HK$3.06 earnings per share, which was above the market consensus of HK$2.12 per share, according to one analyst polled by Bloomberg.
Excluding investment property revaluation gains and exceptional items, core profit was HK$5.41 billion for the six months to June 30, up…

Source : South China Morning Post
Read more…Wheelock’s first half net profit up 10.26pc on rising rental income

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