Mojo+by+Yuen+Shing+Chi

Activity 12 page 115 According to figure 1, the profits of Mojo in Singapore slightly increased in 1999 and reached its highest point. Since the Singaporean government increased taxation from 2001, the profits of Mojo have been decreasing and fell to the lowest level of HK$10 million. Since 2006, the profits have been at their a lowest level. On the other hand, the profits of Mojo in Hong Kong increased sharply due to the post handover boom in Hong Kong between 1999 to 2002. The reason for the profit increased in both places is due to the strong SE Asian economies in late 1990s. In the early part of 2002, the profit reached the highest point which was HK$60 million. During 2002, Hong Kong economy busted, and as a result, the profit sharply decreased to half of the profit of the previous year. The economic environment continued to be bad and SARS appeared in Hong Kong, the profits kept on decreasing. After all bad environment and growth of China, the profits have been increased sharply since 2004.