|Jul 21, 2017|
|Jul 21, 2017|
Currency in HKD
|Full time employees:||27,505|
MTR Corp. Ltd. engages in the management and provision of railway transit services. It operates through the following segments: Hong Kong Transport Operations; Hong Kong Station Commercial Businesses; Hong Kong Property Rental and Management Businesses; Hong Kong Property Development; Mainland of China and International Railway, Property Rental and Management Businesses; Mainland of China Property Development; and Other Businesses. The Hong Kong Transport Operations segment offers urban mass transit railway system, light rail and bus feeder, and intercity railway transport. The Hong Kong Station Commercial Businesses segment pertains to car parking spaces, telecommunications services, advertising promotions, and retail stores provided in railway stations. The Hong Kong Property Rental and Management Businesses segment includes estate management services in offices, shops, and car parks. The Hong Kong Property Development segment builds and markets locations near the railway stations. The Mainland of China and International Railway, Property Rental and Management Businesses segment engineers, operates, and maintains mass transit railway systems. The Mainland of China Property Development segment builds and owns real estate properties. The Other Businesses segment pertains to project management services and cable car operations. The company was founded in 1975 and is headquartered in Hong Kong.
Hong Kong railway company MTR carries an average of more than 5 million passengers every weekday. It operates nine main commuter lines in the city, and the Airport Express high-speed rail link that connects the city and Hong Kong International Airport. The company's automatic fare collection system, known as the Octopus, was the first smartcard system for public transport in the world. Most Hong Kong residents own Octupus cards and use them for trains, buses, trams, shopping and restaurants.
The company was established in 1975 as Mass Transit Railway. It was fully owned by the Hong Kong government at that time. In 2000, the government sold a 23% stake in the company to private investors in an IPO, and re-established itself as MTR. In 2007, MTR was merged with the Kowloon-Canton Railway, the other government-owned railway company in Hong Kong. Since the merger, the company has expanded its businesses in and outside of the region to diversify revenue sources. It now operates subway lines in Beijing, Shenzhen and Hangzhou, and train systems in the U.K. and Australia. Its consultancy business has widened to cover Asia, Australia, Europe and the Middle East.
MTR also engages in property development. It has formed joint ventures with property developers and created commercial and residential buildings near its railway systems. MTR has completed developments with a total area of more than 2 million sq. meters of commercial space and around 94,000 housing units, including International Commerce Center, one of the tallest buildings in Hong Kong.
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- Local currency
- US Dollar
|Income before tax||11,906M|
|Dividends per share||1.07|
|Operating cash flow||16,824M|
Currency in HKD
|Income before tax||1,533.79M|
|Dividends per share||0.13|
|Operating cash flow||2,167.35M|
Currency in USD
- Chief Executive Officer & Executive Director: Kwok Kuen Leong
- Operations Director: Tin Shing Lau
- Finance Director: Leung Wah Hui
- Head-Information Technology: Yiu-tat Suen
- Managing Director-Operations & Mainland Business: Chak-pui Kam
- Special Administrative Region of Hong Kong(73.8%)
- BlackRock Fund Advisors(0.6%)
- The Vanguard Group, Inc.(0.5%)
- Hang Seng Investment Management Ltd.(0.2%)
- State Street Global Advisors Asia Ltd.(0.2%)
- Aberdeen Asset Management (Asia) Ltd.(0.2%)
- Norges Bank Investment Management(0.2%)
- Aberdeen Asset Managers Ltd.(0.2%)
- TD Asset Management, Inc.(0.1%)
- APG Asset Management NV(0.1%)
- Website: http://www.mtr.com.hk
- Address: MTR Headquarters Building, Telford Plaza, 33 Wai Yip Street, Hong Kong, Hong Kong
- Phone: +852.2993.2111
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