Mojo+by+Karen+and+Ernest

Findings: 1. Hong Kong As is shown in Figure 1, the profits of Mojo in Hong Kong increased rapidly from 1999 to 2002 and reached a peak of about $60 million in 2002. The profit then decreased significantly in 2003 and declined to the lowest point of HK$20 million in 2004. After 2004, there was a sharp increase in profits. The final profits was about $50 million in 2007. The profits increased from 1999 to 2002 because of the economic boom. However, the profits decreased due to the SARS crisis during 2003. It seemed that the growth of China caused the profit of Mojo to rise up eventually. 2. Singapore As is also illustrated in Figure 1, the profits of Mojo climbed from $40 million to $50 million. Between 2000 and 2001, the profits remained stable. The profits then dropped sharply to 2003 before leveling off at about $30 million until 2004. Finally, the profits fell and reached $10 million in 2007. There was no doubt that the South East Asian were strong economies in late 1990s. The profit after the late 1990s went up as a result. One possible reason for dropping significantly in profit from 2002 to 2007 was the increased taxation by Singaporean Government.