Hong Kong’s MTR Corp net profit falls 6.9% amid weaker mainland China revenue

Hong Kong rail giant MTR Corporation’s net profit dropped 6.9 per cent to HK$14.68 billion (US$1.88 billion) last year, from HK$15.77 billion in 2024, as higher depreciation costs and weaker revenue from its mainland China operations weighed on earnings. The corporation recorded a property development profit of HK$11.08 billion last year, up from HK$10.27 billion in 2024, with income generated from projects including The Southside, Lohas Park and Ho Man Tin Station. However, the corporation...

By Lam Ka-sing