performance
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The Electrical and Mechanical Services Trading Fund (EMSTF) saw another year of steady performance in 2004/05, with revenue slightly less than the previous year but still better than target.
This was due to clients・ austerity programmes which continued to impact its business. Productivity improvement measures continued to be effective, contributing to a healthy operating surplus.
As the Hong Kong economy has begun to pick up in 2004, it is likely to benefit EMSTF business in the future.
According to the EMSTF annual report for 2004-05 published today (October 19), the Trading Fund recorded a total revenue of $3.05 billion and 11.3% return on revenue.
The Trading Fund・s General Manager and Director of Electrical and Mechanical Services, Mr Lai Sze-hoi, said that the Trading Fund enjoyed several boosts to its turnover and morale during the year.
First was the winning back of several major contracts, the successful renewal of a number of long-term Service Level Agreements, as well as the tasks of providing technical support to complex projects such as Phase Two of ：A Symphony of Lights； and the WTO Hong Kong Ministerial Conference.
Second was the successful provision of information technology services to clients, and third, the relocation to EMSD new headquarters in Kowloon Bay in early 2005.
The new headquarters has given the Trading Fund a new base from which to continue to enhance and upgrade its services to clients. The headquarters building has provided the Trading Fund with the space and modern facilities to offer services that were not previously feasible. The relocation also enables the Trading Fund to surrender two prime urban sites in Causeway Bay and Sung Wong Toi to the Government for more cost-effective land use.
Mr Lai also underscored the importance of the Trading Fund・s Total Quality Management (TQM) vision. ：As management, we want TQM to become part of our organisational fabric,； he said.
TQM has provided the framework, criteria and motivation to promote innovation, enhance productivity and improve processes for continuous improvement in the long run.
The EMSTF's services are provided via six business units and a service development unit, covering different areas of special expertise. Many of the specialised areas are vital to the safety and well being of the community. These include airport and vehicle engineering services, health sector services, municipal sector services, project services, general engineering services, transport, security and central services and information technology services.
Ends/Wednesday, October 19, 2005
Issued at HKT 16:26
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