Electrical and Mechanical Services Trading Fund reports steady performance

The Electrical and Mechanical Services Trading Fund (EMSTF) has reported another year of steady performance in 2011-12.

According to its latest annual report published today (October 31), the EMSTF's revenue in 2011-12 was $4,318 million with a return on revenue of 11.8 per cent. Compared to last year, the revenue is 2.4 per cent higher while the return on revenue dropped slightly by 0.9 per cent.

The EMSTF's General Manager and Director of Electrical and Mechanical Services, Mr Frank Chan, cited increased activities by client departments, continuous service improvement and commitment by the EMSTF staff as reasons for the EMSTF's steady performance. Service Level Agreements secured during the year also provide greater clarity and certainty for the EMSTF's long-term planning.

"The stability we have achieved after many years of hard work gives us an opportunity now to take a critical look at ourselves while embarking on the next stage of our development. Our key considerations will be whether we are creating public value through our work and how new forms of partnership may help us leverage our limited resources to meet new challenges," said Mr Chan.

He added that the coming years would be a period of consolidation for the EMSTF. The key task will be capacity building, with priorities on human resource development, succession planning and knowledge management.

Ends/Wednesday, October 31, 2012
Issued at HKT 14:02