HONG KONG -- Hong Kong's public transportation operator MTR said Tuesday it expects to report a net loss of around 4.8 billion Hong Kong dollars ($619 million) for 2020, which would mark the company's first year in the red since it went public in 2000.
In an announcement after market hours, MTR blamed the "significant adverse impact" of the ongoing coronavirus pandemic and the deterioration of the local economy for the record loss.
