{"id":47005,"date":"2017-03-07T16:38:04","date_gmt":"2017-03-07T09:38:04","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-mtr-corp-net-profit-drops-21-1pc-to-hk10-2b-on-lower-property-income\/"},"modified":"2017-03-07T16:59:57","modified_gmt":"2017-03-07T09:59:57","slug":"hong-kongs-mtr-corp-net-profit-drops-21-1pc-to-hk10-2b-on-lower-property-income","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-mtr-corp-net-profit-drops-21-1pc-to-hk10-2b-on-lower-property-income\/","title":{"rendered":"Hong Kong\u2019s MTR Corp net profit drops 21.1pc to HK$10.2b on lower property income"},"content":{"rendered":"


\nMTR 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.
\nThe city\u2019s 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.
\nUnderlying 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.
\nThe major decline was due to…
\n
\nSource : South China Morning Post
\nRead more…Hong Kong\u2019s MTR Corp net profit drops 21.1pc to HK.2b on lower property income<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

MTR Corp announced a 21.1 per cent fall in net profit to HK$10.25 billion (US$1.32...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-47005","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-ce9","jetpack-related-posts":[{"id":114553,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/new-world-development-sells-hk3-billion-stakes-in-two-shopping-malls-to-mtr-as-hong-kongs-retail-sector-reels-from-protests-coronavirus\/","url_meta":{"origin":47005,"position":0},"title":"New World Development sells HK$3 billion stakes in two shopping malls to MTR as Hong Kong\u2019s retail sector reels from protests, coronavirus","date":"February 26, 2020","format":false,"excerpt":"\r New World Development has sold its interest in two Hong Kong shopping malls to MTR Corporation, the city\u2019s sole rail operator, for HK$3 billion (US$385 million) as the local retail sector slips into a deep slump.The developer said the sale of the \u201cnon-core\u201d assets, a 50 per cent stake\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":154414,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-mtr-corp-fined-hk19-2-million-and-will-offer-half-price-fares-for-day\/","url_meta":{"origin":47005,"position":1},"title":"Hong Kong\u2019s MTR Corp fined HK$19.2 million and will offer half-price fares for day","date":"May 26, 2025","format":false,"excerpt":"\r Hong Kong\u2019s railway operator, the MTR Corporation, has been ordered to offer a day of half-price fares after being hit with a HK$19.2 million (US$2.4 million) penalty over a five-hour service suspension on the Tseung Kwan O line last week, according to the transport minister. The incident was the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":45696,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/plot-of-mtr-corp-land-next-to-wong-chuk-hang-station-on-hong-kong-island-draw-at-least-13-bids\/","url_meta":{"origin":47005,"position":2},"title":"Plot of MTR Corp land next to Wong Chuk Hang station on Hong Kong island draw at least 13 bids","date":"February 27, 2017","format":false,"excerpt":"\r At least 13 bids have been submitted by developers have bid for plot of MTR Corp land next to Wong Chuk Hang station, and the old Wong Chuk Hang Estate on Hong Kong island, the tender for which closed at 2pm on Monday. The site which could potentially provide\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":170642,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/shkp-hong-kongs-bellwether-developer-posts-36-jump-in-first-half-net-profit\/","url_meta":{"origin":47005,"position":3},"title":"SHKP, Hong Kong\u2019s bellwether developer, posts 36% jump in first-half net profit","date":"February 26, 2026","format":false,"excerpt":"\r Sun Hung Kai Properties (SHKP), Hong Kong\u2019s largest developer by market capitalisation, reported a 36.2 per cent year-on-year jump in first-half net profit to HK$10.25 billion (US$1.3 billion). Revenue rose 32 per cent to HK$52.7 billion for the six months ended December from a year earlier, while operating income\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":63902,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/swire-properties-posts-30-per-cent-jump-in-first-half-underlying-profit-on-higher-sales\/","url_meta":{"origin":47005,"position":4},"title":"Swire Properties posts 30 per cent jump in first-half underlying profit on higher sales","date":"August 17, 2017","format":false,"excerpt":"\r Swire Properties, one of Hong Kong\u2019s largest property developers, has reported interim earnings that beat analysts\u2019 forecasts, helped by increasing sales and higher margins on luxury real estate sold in the city. The company\u2019s underlying profit rose 30 per cent to HK$4.6 billion (US$588 million) in the six months\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":78473,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/hong-kongs-hang-lung-properties-sees-2017-underlying-profit-fall-on-declining-china-mall-rental-income\/","url_meta":{"origin":47005,"position":5},"title":"Hong Kong\u2019s Hang Lung Properties sees 2017 underlying profit fall on declining China mall rental income","date":"January 30, 2018","format":false,"excerpt":"\r Hong Kong developer Hang Lung Properties, which owns the Fashion Walk shopping area in Causeway Bay and eight shopping centres in China, reported a 13 per cent fall in 2017 underlying profit, citing fewer property sales and a decline in rental income from its mainland China business. Underlying profit\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/47005"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=47005"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/47005\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=47005"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=47005"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=47005"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}