Activity+12+by+Jason+and+Jacqueline

As the findings in Figure 1 show, at the end of the 1990s and in the early part of the next decade, due to the post handover boom in Hong Kong, the profits made by Mojo in Hong Kong showed a strong upward trend and reached a peak in 2002 when nearly HK$60 million was made. This was, however, followed by a sharp decline and in 2004 profits fell to their lowest point at just HK$20 million. This was probably due to the outbreak of SARS. Due to the growth of China, the profits began to increase steadily in 2005. In Singapore, there were strong SE Asian economies in late 1990s which brought the profits to their peak before leveling off at HK$50 million until 2001. Profits then decreased steadily until 2007 and this perhaps reflected the increased taxation by the Singapore Government from 2001.