Originally known as The Hong Kong and Kowloon Wharf and Godown Company, Ltd, The Wharf Holdings Ltd was founded in 1886 and is used to run wharfage and dockside warehousing. Its operations now span property, hotels, transport and warehousing. It owns the iconic Star Ferry, two major flagship properties in the Harbour City and Times Square shopping centres in Hong Kong, i-CABLE, Cable TV, Wharf T&T, and Modern Terminals.

Wharf, which has mainland projects including a commercial  development in Changsha, Hunan province, contributed HK$5.8 billion to Wheelock & Co's core profit. Photo: Peggy Sito

Core profit up 8pc at Wheelock & Co

Wheelock & Co has announced a 8 per cent rise in its core profit to HK$7.82 billion for last year, but net earnings declined because of a lower net gain in revaluation of investment properties.

Net profit fell 37 per cent to HK$16.95 billion, compared with HK$26.9 billion in 2012.