Hong Kong’s MTR Corp takes HK$334 million hit as rail giant posts worst performance since it went public in 2000

Hong Kong’s rail operator saw net losses plunge to HK$334 million (US$42.8 million) in the first six months of 2020 from a profit in the same period last year – its worst performance since going public two decades ago.The MTR Corporation’s loss, amid the coronavirus pandemic, stands in contrast to a HK$5.5 billion net profit in the previous period, it revealed on Thursday.Part-privatised in 2000, the government now owns about 75 per cent of the corporation.The virus has so far infected more…

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