How can mtr generate billion of profit on billion of revenue, Business Law and Ethics

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How can mtr generate billion of profit on billion of revenue

Problem

Most of the world's subway and railway operators suffer financially. New York's subway, for example, spends $2.5 billion in 2015 to service debt. From the institution-based and resource-based views, how can MTR generate US$2 billion of profits on US$5 billion of revenues?

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Business Law and Ethics: How can mtr generate billion of profit on billion of revenue

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Business Law and Ethics: How can mtr generate billion of profit on billion of revenue

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