MTR sees international and domestic revenue increase

Hong Kong transport authority MTR has recorded a 6.9 per cent increase in its total annual revenue in 2012.

One of the biggest areas of growth was the organisation’s international businesses which grew to £1.1 billion – more than a third of the total revenue.

Passenger figures for the company’s Hong Kong transport operations also increased, up 4.7 per cent to a record 1.8 billion last year.

MTR, which owns half of the London Overground operator LOROL, is currently bidding for the Essex Thameside and Thameslink franchises in the UK.

The corporation’s global chief executive Jay Walder said: “We are determined to accelerate our pace of growth outside of Hong Kong and achieve our vision of becoming a leading multinational company.

“MTR has showed what it can do in the UK through London Overground, where we successfully met the challenges presented by the Olympics, and I am pleased that our concession has been extended to 2016.”

“We are continuing to work with the UK Government and want to see the Essex Thameside and Thameslink franchise competitions restarted as soon as possible.  We are also looking at upcoming opportunities in the UK and elsewhere in Europe.”