The Wharf (Holdings) First Half-Year Revenue Declines by 1% to HKD 8.1 Billion, Citing Consumer Prudence Towards Non-Essential Spending

Following the release of The Wharf Real Estate Investment Company‘s mid-year performance report on August 9th noon, The Wharf (Holdings, HK.0004) announced its mid-year performance for 2023: Troubled by a sluggish market, the group’s revenue decreased by 1% to HKD 8.13 billion (compared to HKD 8.209 billion in the same period of 2022), and operating profit decreased by 10% to HKD 3.139 billion (compared to HKD 3.479 billion in the same period of 2022).
Founded in 1886, The Wharf (Holdings) was the 17th registered company in Hong Kong. Most of the group’s businesses a …