Hong Kong, July: Recently, the Hong Kong Trade Development Council (HKTDC) published its annual report for the financial year ended 31st March 2018. Revenues generated from the HKTDC’s exhibitions and missions were US$250 million, slightly higher than last year’s figure. The HKTDC’s total revenues, including a government subvention of US$49 million, were US$360 million – also similar to the previous year’s numbers.
Revenues from the HKTDC’s magazines and online marketplace dropped 3.7% compared with the previous year, down to US$20 million. Revenues generated from the operation of the HKTDC-owned, Hong Kong Convention and Exhibition Centre (HKCEC), were US$19 million, representing a decrease of 15% year-on-year. However, its income from investments increased by 37% which served to offset the decrease in operational income.