On March 9, The Wharf (Holdings) Limited (HK. 00004) released its full-year 2022 financial results, which showed a double-digit decline in both revenue and profit due to a weak market. The group’s revenue fell 19% year-on-year to HKD 18.064 billion, and operating profit declined 23% year-on-year to HKD 6.603 billion. The company’s net loss attributable to shareholders was HKD 1.705 billion, compared to a net profit attributable to shareholders of HKD 6.119 billion in the previous year.
In 2022, the population flow was restricted for most of the time due to lockdown measur …
