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(From South China Morning Post)
Byline: Denise Tsang
Poor performances at core franchised bus services and an advertising unit knocked 38.96 per cent off the net profit of Kowloon Motor Bus Holdings (KMB) to HK$939.6 million last year.
Hong Kong's largest franchised bus firm, serving Kowloon, the New Territories and harbour crossing, suffered a 17.48 per cent drop in profit contribution from transport services to HK$1.05 billion and a 50.83 per cent fall in media sales services to HK$117.81 million.
However, the previous year's result included a non-recurring gain of HK$349.56 million from spinning off media and advertising arm RoadShow …