Teams play for profits

PUBLISHED : Monday, 18 April, 1994, 12:00am
UPDATED : Monday, 18 April, 1994, 12:00am

MOST teams taking part in the Management Game posted handsome profits in the first trading period of the competition, according to its organiser, Hong Kong Management Association.

Teams on average made a profit of $3 million.

The top performer achieved $6.7 million while six others attained more than $5 million profit. About one-sixth of the teams passed the $4 million mark, which was well beyond expectations.

Under the influence of a favourable economic climate, teams on average were able to secure an order for 179,151 units of Product AW, 239,594 units of Product AI and 78,734 units of Product DI.

Marketing investment to promote products averaged $945,000, while product development investment, to boost market share, came to about $443,000.

Most teams bought plants, ranging from one to an extremely aggressive 100, to make up for depreciation and for future expansion.

About 50 teams have registered this year and are competing in groups of three in the trial round before the two elimination rounds.

The game is sponsored by Arthur Andersen & Co, ICL (HK) and the South China Morning Post.