HK Stock Market Move | WHARF REIC (01997) shares fell by more than 3%, with shareholders' attributable profit decreasing by 81% compared to the previous year. The second interim dividend decreased slightly to 0.6 Hong Kong dollars.

WHARF REIC (01997) fell by more than 3%, dropping 3.29% to 20.55 Hong Kong dollars, with a trading volume of 1.02 billion Hong Kong dollars. In terms of news, WHARF REIC released its full year performance announcement for 2024 at noon, with the group's revenue decreasing by 3% year-on-year to 12.912 billion Hong Kong dollars, and operating profit decreasing by 3% to 9.691 billion Hong Kong dollars. Basic net profit increased by 2% to 6.139 billion Hong Kong dollars, equivalent to 2.02 Hong Kong dollars per share. If the net amount of investment property revaluation impairment of 5.621 billion Hong Kong dollars is taken into account, the group's profit attributable to shareholders is 0.891 billion Hong Kong dollars, a decrease of approximately 81% compared to the same period last year. The second interim dividend was 0.6 Hong Kong dollars, compared to 0.61 Hong Kong dollars in the same period last year. The full year dividend was 1.24 Hong Kong dollars, accounting for 65% of the basic net profit of Hong Kong investment properties and hotels.