Wharf (Holdings) Weathers Market Turbulence

Wharf (Holdings) (HK:0004) has released an update.

Wharf (Holdings) Limited reported a stable underlying net profit of HK$2.0 billion for the first half of 2024, despite a sluggish property market leading to a HK$2.6 billion group loss after accounting for non-cash revaluations. Amid economic slowdown, geopolitical tensions, and high US interest rates, the company maintained a prudent treasury policy with a low gearing ratio. A consistent interim dividend of HK$0.20 per share will be distributed despite mixed recovery across sectors and challenges within the port, retail, and hospitality sectors.

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