MTR Corporation, the London Crossrail operator and joint shareholder of South Western Railway helping to oversee a £1.2 billion investment programme on the service, has announced strong global revenue growth as it continues to expand its UK operations.
Also a shortlisted bidder for the West Coast Partnership, and Wales and Borders franchises, MTR reported increases of 22.7% in group revenue and 11.3% in underlying post-tax profit in its full year results for 2017, published today.
MTR has a track record of delivering railway infrastructure and rail + property projects around the world, and 2017 marked the first full year of service of the South Island Line in Hong Kong, an ambitious project linking the city’s southern district to its business area, as well as the launch of the Citybanan rail link in central Stockholm.
Last year also saw MTR celebrate a record number of international awards that recognised the corporation’s technical expertise, customer satisfaction and staff training across its operations around the globe. These included the prestigious “No.1 passenger rail operator” award for MTR Express in Sweden, presented annually by the Swedish Quality Index to organisations that show a long-term, systematic approach to introducing quality improvements.
MTR was also included in the 2017 Fortune “Change the World” Top 50 list of companies making contributions to solving societal problems with smart business practices.
Jeremy Long, CEO of MTR, European Business, said:
“MTR has a widely recognised reputation for successfully delivering complex railway projects, efficiency, operating performance, and quality of delivery and this is reflected in these results.”
MTR’s financial results for 2017 include:
Exchange rate as of 7 March 2018 - £1 = HK$ 10.90