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

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

20190305N Hong Kong ticket machines REUTERS

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 -- 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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