Wheelock Properties

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.

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