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Wharf REIC’s net profit drops 81% to $891m in 2024

Basic earnings per share fell to $0.29.

Wharf Real Estate Investment Company Limited reported a net profit of $891m in 2024, an 81% decline from $4.77b in 2023.

The company’s underlying net profit, excluding property revaluations and other non-recurring items, rose 2% to $6.14b, up from $6.01b in 2023.

Basic earnings per share fell from $1.57 to $0.29 in 2024. 

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