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🇹🇼 Taiwan /Economy & Trade

Kaohsiung MRT Achieves Second Straight Year of Profit, But Accumulated Losses Remain

From Liberty Times · (46m ago) Chinese

Translated from Chinese, summarized and contextualized by DistantNews.

TLDR

  • Kaohsiung Rapid Transit Corporation reported an estimated profit of NT$82 million last year, marking the second consecutive year of profitability.
  • Despite recent profits, the company still carries accumulated losses of NT$103 million from the COVID-19 pandemic.
  • Daily ridership reached a record high of 195,000 passengers last year, boosted by major events and increased tourism.

Kaohsiung Rapid Transit Corporation has demonstrated remarkable resilience and operational success, achieving profitability for the second year in a row. This turnaround, following the significant impact of the pandemic, highlights the company's dedicated efforts and strategic expansion of its services.

Kaohsiung Rapid Transit Corporation reported an estimated profit of NT$82 million last year, marking the second consecutive year of profitability.

— Reporter Wang RongxiangReporting on the financial performance of Kaohsiung Rapid Transit Corporation.

The surge in ridership, driven by popular events like concerts and the "Winter Wonderland" festival, underscores Kaohsiung's growing appeal as a tourist destination and the vital role the MRT plays in its urban infrastructure. Reaching a historic daily average of 195,000 passengers is a testament to the system's efficiency and its ability to meet the demands of a vibrant city.

While celebrating these achievements, it's important to acknowledge the lingering accumulated losses from the pandemic years. The city government's support through the stabilization fund mechanism was crucial in navigating those difficult times. However, the continued growth and profitability suggest a strong path towards full recovery and a brighter financial future for Kaohsiung's public transportation.

Kaohsiung MRT is working very hard, but the accumulated losses during the pandemic are still NT$103 million.

— Kaohsiung MRT BureauExplaining the company's financial situation to the city council.

From a local perspective, the success of the MRT is not just about financial figures; it represents the city's recovery and its capacity to host major events, attracting both domestic and international visitors. The MRT is a symbol of Kaohsiung's progress and its commitment to providing efficient and accessible transportation for its residents and guests.

Daily ridership reached a record high of 195,000 passengers last year, boosted by major events and increased tourism.

— Reporter Wang RongxiangHighlighting the increase in passenger numbers.
DistantNews Editorial

Originally published by Liberty Times in Chinese. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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