Without the hedging fiasco, net profits would have been more than 14 billion hkd
A 14% profit over the turnover.
Profit share would have been at least 5 times what we received.
No wonder the new HKPA offer is such a bad deal.
Someone has got to pay for everyone else!
How they try to justify their hedging position is what disgusts me most.
Can't admit their mistakes, can they?