Wharf Reports 31% Jump In First-Half Net Profit

Wharf (Holdings) Ltd WARFY reported a 31% rise in its first-half net profit. Wharf's net profit for the period rose to HK$14.30 billion, from HK$10.89 billion. Excluding revaluation gains and related taxes, Wharf's underlying net profit climbed 11% to HK$3.28 billion from HK$2.96 billion. Wharf's revenue surged 13% to HK$9.75 billion from HK$8.62 billion. Wharf also declared a first-half dividend of HK$0.36.