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MTR (HKSE:00066) Cash Receipts from Tax Refunds


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What is MTR Cash Receipts from Tax Refunds?

Cash Receipts from Tax Refunds only applicable to companies reporting Cash Flow from Operations in direct method.


MTR Business Description

Industry
Traded in Other Exchanges
Address
33 Wai Yip Street, MTR Headquarters Building, Telford Plaza, Kowloon Bay, Kowloon, Hong Kong, HKG
MTR constructs and operates Hong Kong's rail network, giving it a monopoly position. In addition to rail operation, the firm makes recurring income from commercial business within the stations. This includes rental of retail kiosks and advertisement within the station and investment properties in shopping malls above stations. Residential real estate development forms part of MTR's return for the rail operation. In a normalized environment, average operating profit is approximately 20% in rail operation, 60% in station commercial and property leasing business, and 20% in property development. The Hong Kong government owns 75% of MTR.