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Hong Kong railway warns of tough 2020 after 26% profit drop

Coronavirus takes total on MTR, which called 2019 its 'worst' year

Hong Kong's political protests caused damage to MTR equipment, like these ticket machines at Sha Tin Station.   © Reuters
TAKESHI KIHARA, Nikkei staff writer | Hong Kong

HONG KONG -- MTR, which runs Hong Kong's subways, says it expects another tough year in 2020, with the coronavirus outbreak undercutting profits as travel slumps.

Net profit for 2019 dropped nearly 26% to 11.9 billion Hong Kong dollars ($1.53 billion), MTR reported Thursday.

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