Property News · March 7, 2017

Hong Kong’s MTR Corp net profit drops 21.1pc to HK$10.2b on lower property income


MTR Corp announced a 21.1 per cent fall in net profit to HK$10.25 billion (US$1.32 billion) as its earnings contribution from Hong Kong property development slumped.
The city’s sole operator of the mass transit railway system said total revenue rose 8.4 per cent to HK$45.19 billion for the year ended December 31.
Underlying profits fell 13.3 per cent to HK$9.4 billion in line with expectations, compared with underlying earnings of HK$10.9 billion for 2015.
The major decline was due to…

Source : South China Morning Post
Read more…Hong Kong’s MTR Corp net profit drops 21.1pc to HK.2b on lower property income

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