Wharf REIC reports steady underlying profit amidst market challenges

Wharf Real Estate Investment Company (HKEX: 1997) reported a steady underlying net profit of HK$6.139 billion for 2024, a 2% increase year-on-year, even as revenue decreased by 3% to HK$12.912 billion, highlighting the company's resilience amidst global economic uncertainties and dampened retail sales. Chairman Stephen Ng noted challenges from trade conflicts and currency pressures.