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Business The MTR Corporation has reported a 27 percent increase in profit in the first half of the year, thanks to higher patronage as well as its property business. The rail operator said interim profit reached HK$7.7 billion, up from HK$6.04 billion in the same period last year. The company said local transport operations saw steady revenue growth, driven by an increase in patronage from cross-boundary and high-speed rail services. Property development, including projects at Ho Man Tin and Wong Chuk Hang stations, contributed to the bigger bulk of the first-half profit at HK$5.5 billion. That more than tripled property earnings of HK$1.7 billion a year ago. Total revenue declined 6.5 percent year on year to HK$27.3 billion, partially dragged down by a drop of HK$1.2 billion in investment property valuation. Speaking at a press conference, Jacob Kam, the MTR's chief...