Wharf Holdings and Wharf Real Estate issued profit warnings together, affected by the revaluation of property investments, expecting a turnaround from profit to loss in the first half of the year
The Wharf Holdings and WHARF HOLDINGS are expected to turn from profit to loss in the first half of the year, due to property investment revaluation. The net loss from property investment revaluation by The Wharf Holdings may exceed HKD 2.5 billion to 2.8 billion, compared to a profit of HKD 700 million in the same period last year; WHARF HOLDINGS is expected to incur a revaluation loss of about HKD 900 million, while it made a profit of HKD 1.81 billion in the same period last year. Despite this, The Wharf Holdings and WHARF HOLDINGS stated that their overall financial position remains robust. Revaluation losses are non-cash and unrealized items
九倉系發盈警。九龍倉集團 (004) 及九龍倉置業 (1997) 均預期中期可能由盈轉虧。九倉表示根據集團投資物業半年度獨立重估的初步結果顯示，截至 6 月 30 日止 6 個月的應佔投資物業重估虧損淨額可能超過同期的基礎淨盈利，可能錄得股東應佔虧損，為數介乎 25 億至 28 億元，相對 2023 年同期則錄得股東應佔盈利近 7 億元。
九置則表示，本港零售銷售自 2023 年第一季邊境重開後復蘇，但很快便陷入停滯，市況隨後在 2024 年更趨嚴峻。根據集團投資物業半年度獨立重估的初步結果顯示，截至 6 月 30 日止 6 個月的重估虧損總額可能超過同期的基礎淨盈利，可能錄得為數不少於 9 億元的虧損，而截至 2023 年 6 月 30 日止 6 個月則錄得股東應佔盈利 18.1 億元。
九倉、九置分別表示，儘管上述情況，集團整體財政狀況仍然穩健。重估虧損乃非現金及未變現的項目。