Electrical and Mechanical Services Trading Fund reports steady growthThe Electrical and Mechanical Services Trading Fund (EMSTF) has reported healthy performance in 2010-11.
According to its annual report for 2010-11 published today (October 26), the EMSTF had revenue of $4.217 billion, equivalent to a return rate of 12.7 per cent, during the reporting period. Both figures are slightly higher than those of last year and in line with estimates.
"These results reflect the hard work of our staff and highlight the enhancement in our productivity since our internal restructuring in April 2010," said Mr Stephen Chan, the EMSTF's General Manager and the Director of Electrical and Mechanical Services.
This year was the first full year after the EMSTF's internal restructuring in April 2010. All strategic business units have reported positive results due to synergy and enhanced customer focus. This year also marked the rising role of the EMSTF in Hong Kong's new infrastructure developments and expansion of its services in energy efficiency and green projects.
Reflecting upon the growth and development of the EMSTF in the past 15 years since its inception in 1996, Mr Chan said that the EMSTF had strengthened its fundamental services and successfully ventured into new service areas to meet clients' growing needs, and had secured steady growth in recent years.
"We believe that the EMSTF is competitive and customer-focused and can provide valued services for customers," Mr Chan said.
The next challenge for the EMSTF is to better utilise its resources to bring about long-term sustainable growth. Mr Chan said he believes that the key is to leverage the market so that it can maintain the growth of its core services with a steady pool of manpower.
Ends/Wednesday, October 26, 2011
Issued at HKT 15:12