The MTR Corporation was established in 1975 as the Mass Transit Railway Corporation with a mission to construct and operate, under prudent commercial principles, an urban metro system to help meet Hong Kong's public transport requirements. The sole shareholder was the Hong Kong Government.
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New Kowloon is an area in Hong Kong, bounded in the south by Boundary Street, and in the north by the ranges of the Eagle's Nest, Beacon Hill, Lion Rock, Tate's Cairn and Kowloon Peak.
MTR stations host more than 1,400 shops and nearly 47,000 advertising units. The company charges rent as well as earning money from telecoms operators by allowing them to provide mobile network coverage inside the rail system.
MTR has reported total revenue of $HK 47.81bn ($US 6.09bn) for 2022, up 1.3% from $HK 47.2bn in 2021. However, the continuing impact of the Covid-19 pandemic saw profit from recurrent businesses fall by 91.3% from $HK 1.8bn in 2021 to $HK 157m.
As Hong Kong is very densely populated, there would be no physical space for another railway network to perform in Hong Kong. The MTR already connects a large number of Hong Kong areas to each other, and while the MTR line can be extended, there could not be another corporation competing in the same field.
This Corporate Strategy also sets out well-defined environmental, social and governance (“ESG”) objectives to guide the Company's operations (including its core Hong Kong Businesses, Mainland China and International Businesses, and New Growth Engine) which enables us to achieve sustainable, mutually beneficial growth ...
MTR Foods is a food products company based in Bengaluru, India. The company manufactures a range of packaged foods including breakfast mixes, ready to eat meals, masalas and spices, snacks and beverages.
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.