Ridership on the MTR took a big hit last year. Photo: Nora Tam
Ridership on the MTR took a big hit last year. Photo: Nora Tam

Hong Kong rail operator MTR Corporation posts record loss of HK$4.8 billion as Covid-19 pandemic, troubled mega project take toll

  • The MTR Corp’s losses stand in stark contrast to HK$11.9 billion net profit it recorded in 2019 – also a rough year for the company
  • Recurrent business suffered HK$1.1 billion in losses in 2020, compared with HK$5 billion in profits the year before

Ridership on the MTR took a big hit last year. Photo: Nora Tam
Ridership on the MTR took a big hit last year. Photo: Nora Tam
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