Habrour City generates HK$11.8b revenue for Wharf REIC

Business | 5 Mar 2019 1:19 pm

Revenue of popular shopping mall, Harbour City revenue, including hotels, increased by 10 percent to HK$11.87 billion, for the year ended December 31, 2018, Wharf Real Estate Investment Company (1997) reported today.

Operating profit grew by 12 percent to HK$9.67 billion on-year.

Retail revenue, which grew by a solid 14 percent, accounted for 73 percent of total revenue, Wharf REIC said.

Ocean Terminal Extension attracted strong footfall from locals and tourists. The gradual opening of dining options at OTE also led to substantial

patronage boost, the company said.

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