Mojo+by+David+and+Kevin

2. Finding: The profits of Mojo in Hong Kong and Singapore from 1999 to 2007 are shown in figure 1. 2.1 Profits in Hong Kong The profits of Mojo in Hong Kong increased steadily from 30 million dollars in 1999 and reached a peak of over 60 million dollars in 2002. Then they fell sharply to about 30 million dollars in 2003 and continued to decrease to their lowest point of 20 million dollars in 2004. After that, the profits gradually increased to 50 million dollars in 2007. It is easy to note that the profits increase in 1999 to 2002 was due to the post handover boom in Hong Kong. As a result of the SARS outbreak in 2003, the profits dropped sharply during that period. Then because of the fast growth of China, Mojo profits rose again after the SARS. 2.2 Profits in Singapore The profits of Mojo in Singapore rose steadily from 1999 to about 50 million dollars in 2000. The profits levelled off before the middle of 2001. This was however, followed by a sharp decline to 30 million dollars and leveling off until 2004. The profits dropped again to 10 million dollars in 2006. The rise of the profits from 1999 to 2000 was probably due to the strong SE Asian economies in the late 1990s. After the increasing taxation by Singaporean Government from 2001, the profits started to decrease.