9 years ago
How Hong Kong's subway turns a $2 billion annual profit
You can find one of Hong Kong's most profitable businesses about 30 meters below the earth's surface. The city's subway is the face of the Mass Transit Railway Corporation (MTR) -- a publicly traded company that pulled in $5.2 billion in revenue last year. With a $2 billion annual profit, the Hong Kong's subway is an anomaly among major rail networks. New York's subway, for example, suffers from chronic funding gaps and will spend nearly $2.5 billion in 2015 to service its debt.
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