Battered by the coronavirus pandemic, Hong Kong’s MTR Corporation warns of losses of HK$4.8 billion in 2020

Hong Kong’s rail giant has warned that it has slipped into the red for the first time since its listing two decades ago, with projected losses last year totalling some HK$4.8 billion (US$619.1 million) after it was derailed by the Covid-19 pandemic and…

Hong Kong’s rail giant has warned that it has slipped into the red for the first time since its listing two decades ago, with projected losses last year totalling some HK$4.8 billion (US$619.1 million) after it was derailed by the Covid-19 pandemic and a troubled mega project.The semi-privatised MTR Corporation said on Tuesday that the expected loss – calculated based on a preliminary assessment – came after a HK$11.9 billion net profit in 2019.“The significant adverse impact of the ongoing…

This post was originally published on South China Morning Post.


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Denise Tsang,Cannix Yau | radiofree.asia (2022-06-28T12:35:28+00:00) » Battered by the coronavirus pandemic, Hong Kong’s MTR Corporation warns of losses of HK$4.8 billion in 2020. Retrieved from https://radiofree.asia/2021/01/19/battered-by-the-coronavirus-pandemic-hong-kongs-mtr-corporation-warns-of-losses-of-hk4-8-billion-in-2020/.
MLA
" » Battered by the coronavirus pandemic, Hong Kong’s MTR Corporation warns of losses of HK$4.8 billion in 2020." Denise Tsang,Cannix Yau | radiofree.asia - Tuesday January 19, 2021, https://radiofree.asia/2021/01/19/battered-by-the-coronavirus-pandemic-hong-kongs-mtr-corporation-warns-of-losses-of-hk4-8-billion-in-2020/
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Denise Tsang,Cannix Yau | radiofree.asia Tuesday January 19, 2021 » Battered by the coronavirus pandemic, Hong Kong’s MTR Corporation warns of losses of HK$4.8 billion in 2020., viewed 2022-06-28T12:35:28+00:00,<https://radiofree.asia/2021/01/19/battered-by-the-coronavirus-pandemic-hong-kongs-mtr-corporation-warns-of-losses-of-hk4-8-billion-in-2020/>
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Denise Tsang,Cannix Yau | radiofree.asia - » Battered by the coronavirus pandemic, Hong Kong’s MTR Corporation warns of losses of HK$4.8 billion in 2020. [Internet]. [Accessed 2022-06-28T12:35:28+00:00]. Available from: https://radiofree.asia/2021/01/19/battered-by-the-coronavirus-pandemic-hong-kongs-mtr-corporation-warns-of-losses-of-hk4-8-billion-in-2020/
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" » Battered by the coronavirus pandemic, Hong Kong’s MTR Corporation warns of losses of HK$4.8 billion in 2020." Denise Tsang,Cannix Yau | radiofree.asia - Accessed 2022-06-28T12:35:28+00:00. https://radiofree.asia/2021/01/19/battered-by-the-coronavirus-pandemic-hong-kongs-mtr-corporation-warns-of-losses-of-hk4-8-billion-in-2020/
IEEE
" » Battered by the coronavirus pandemic, Hong Kong’s MTR Corporation warns of losses of HK$4.8 billion in 2020." Denise Tsang,Cannix Yau | radiofree.asia [Online]. Available: https://radiofree.asia/2021/01/19/battered-by-the-coronavirus-pandemic-hong-kongs-mtr-corporation-warns-of-losses-of-hk4-8-billion-in-2020/. [Accessed: 2022-06-28T12:35:28+00:00]
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» Battered by the coronavirus pandemic, Hong Kong’s MTR Corporation warns of losses of HK$4.8 billion in 2020 | Denise Tsang,Cannix Yau | radiofree.asia | https://radiofree.asia/2021/01/19/battered-by-the-coronavirus-pandemic-hong-kongs-mtr-corporation-warns-of-losses-of-hk4-8-billion-in-2020/ | 2022-06-28T12:35:28+00:00
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