Road and Rail
Company Overview of The Kowloon Motor Bus Co. (1933) Ltd.
The Kowloon Motor Bus Co. (1933) Ltd. provides public bus transportation services covering Kowloon, the New Territories, and Hong Kong Island. It also offers franchised public bus services. The company was founded in 1933 and is based in Kowloon, Hong Kong. The Kowloon Motor Bus Co. (1933) Ltd. operates as a subsidiary of Transport International Holdings Limited.
9 Po Lun Street
Lai Chi Kok
Founded in 1933
852 2745 4466
852 2745 0600
Key Executives for The Kowloon Motor Bus Co. (1933) Ltd.
Managing Director and Deputy Chairman of Transport International Holdings Limited
Finance and Administration Director
Deputy Managing Director and Managing Director of Transport International Holdings Limited
Compensation as of Fiscal Year 2016.
The Kowloon Motor Bus Co. (1933) Ltd. Key Developments
The Kowloon Motor Bus Company (1933) Limited Reports Earnings Results for the First Half of 2016
Aug 18 16
The Kowloon Motor Bus Company (1933) Limited reported earnings results for the first half of 2016. For the period, the company recorded a profit after taxation of HKD 343.8 million against HKD 238.3 million for the first half of 2015, representing an increase of HKD 105.5 million compared with the corresponding period in 2015. Fare revenue was HKD 3,277.0 million, an increase of HKD 77.6 million or 2.4% compared with HKD 3,199.4 million for the corresponding period in 2015. The increase was primarily due to the year-on-year growth in ridership of 2.1% as a result of the enhancement of service levels and of the competitiveness of the bus network, as well as the improvement in bus service reliability. Advertising revenue increased by HKD 7.6 million to HKD 83.2 million from HKD 75.6 million for the first half of 2015.
The Kowloon Motor Bus Company (1933) Limited Reports Audited Earnings and Operating Results for the Year Ended December 31, 2015
Mar 24 16
The Kowloon Motor Bus Company (1933) Limited reported audited earnings and operating results for the year ended December 31, 2015. The company recorded a profit after taxation of HKD 488.2 million for 2015, representing an increase of HKD 291.6 million compared with HKD 196.6 million for 2014. KMB's fare revenue for the year was HKD 6,532.7 million, an increase of HKD 228.7 million or 3.6% compared with HKD 6,304.0 million for 2014. The increase was mainly due to patronage growth and the full year effect of the 3.9% fare increase which took effect on 6 July 2014.
During the year, with improvements in service levels and bus network efficiency as well as bus service reliability, KMB's total ridership increased by 1.5% to 969.2 million passenger trips (a daily average of 2.66 million passenger trips) as compared with 955.2 million passenger trips (a daily average of 2.62 million passenger trips) for 2014 in spite of the adverse impact arising from the Government's phased extension of the Public Transport Fare Concession Scheme for the Elderly and Eligible Persons with Disabilities to green minibus routes from 29 March 2015. The increase also reflected the fact that the road network remained open throughout the year, as opposed to 2014, when road occupations in the final quarter affected KMB's ridership.
Evan Au Yang Chi Chun Tenders His Resignation from the Position of Executive Director of Transport International Holdings Limited, The Kowloon Motor Bus Company (1933) Limited and Long Win Bus Company Limited, Effective March 1, 2016
Jan 29 16
The board of directors of Transport International Holdings Limited announced that Mr. Evan AU YANG Chi Chun (Mr. Au Yang) has tendered his resignation from the position of Executive Director of the company and its subsidiaries, The Kowloon Motor Bus Company (1933) Limited and Long Win Bus Company Limited with
effect from March 1, 2016 in order to pursue other career opportunities.
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