this headline was corrected at 0430 gmt the original misstated that the companys 2022 figure of hk886 billion was net wharf real estate investment co posted a 2022 loss mainly due to a revaluation of its investment properties while covid19 also weighed on its overall business performance net loss was 886 billion hong kong dollars us113 billion compared with net profit of hk439 billion for 2021 the company said tuesday in 2022 the company saw the value of its investment properties decline by nearly hk150 billion to hk22856 billion wharf reic said revenue fell 22 to hk1246 billion due mainly to a phased exit from noncore segment development properties wharf reic said