Wharf Land (01997) announced interim results, loss attributable to shareholders of HK$176 million decreased by 92.69% year-on-year

According to the Zhitong Finance App, Jiulong Cang Real Estate (01997) announced its 2026 interim results. The group achieved revenue of HK$6.34 billion, a year-on-year decrease of 1.05%; loss attributable to the company's shareholders of HK$176 million, a year-on-year decrease of 92.69%; a loss of HK$0.06 per share, and plans to pay the first interim dividend of HK94 cents per share.

Demand for office buildings has improved. Thanks to active initial public offering (IPO) activities and strong wealth management businesses, the financial sector is particularly in demand. Other financial centers continue to face geopolitical uncertainty, further increasing Hong Kong's appeal as a safe haven and adding momentum to the rental market. The pace of market recovery is still uneven. The absorption situation in prime locations is ideal, while vacancy rates are still high in non-core areas. The Group's office portfolio enjoys location advantages, combined with efficient management, and the tenancy rate rose to 93%, with office buildings in Central and Tsim Sha Tsui achieving ideal increases.

In the face of interest rate fluctuations and external environmental challenges, the Group maintains a prudent attitude in debt management. Net debt fell to HK$29.2 billion, and the debt ratio fell to 15.9%. Both reached record lows and reduced borrowing expenses by 26%. Thanks to this, the Group's underlying net profit increased by 6% during the period.