MTR made $15bn net profits, doubling year-on-year

In the first half of this year, MTR Corporation made 15.87 billion dollars in profits, which doubled year-on-year.

The company has announced it will bid for the Kai Tak Smart Green Mass Transit Project.

The local railway passenger capacity reached nearly 790 million trips, similar to last year's tally.

Cross-border services saw 55 million passengers about 4 million more than the same period last year.

The Hong Kong section of the high-speed rail saw an even greater increase, rising from over 14 million last year.

The number of trips has increased to over 16 million, a hike of nearly 13%.

When asked whether there will be a fare cut for rides to Lo Wu and Lok Ma Chau MTR stations after the opening of the redeveloped Huanggang Port building, MTRC believes the East Rail Line remains the top choice for many people crossing the border.

MTRC says it will begin design work for the East Rail Line's Pak Shek Kok Station in the second half of the year.

On property development, MTRC earned 12.2 billion dollars in the first half of the year.

It is expecting a rollout of 8,000 units in the coming year.