this headline was corrected at 1108 pm et the 2020 figure represents a loss instead of a net wharf real estate investment posted a net profit for 2021 but said thursday that it expects a new round of measures to stop the spread of covid19 in hong kong to affect bars restaurants and events businesses this year hurting profits the real estate portfolio company swung to a net profit of 439 billion hong kong dollars us5619 million in 2021 from a loss of hk785 billion the year before helped by the temporary relaxation of social distancing measures in hong kong and the governments incentives to boost consumption but the citys economic indicators for 2021 were weaker than before the pandemic with tourists spending entirely missing wharf said wharf plans to strengthen its brand equity and introduce new brands to boost retail sales it said but it expects the office sector take more time to see a notable rise in rental prices as the effects from weak demand and inflated supply drag on