MTR Corp posts HK$9.55 billion profit for last year, but warns tough times ahead as Covid-19 cuts into patronage

Hong Kong’s MTR Corporation posted profits of HK$9.55 billion (US$1.22 billion) for last year, a marked turnaround from its record losses in 2020, with earnings buoyed by the temporary lull in coronavirus infections.But the rail giant warned on Thursday that the now-raging fifth wave of the pandemic posed unprecedented challenges to its operations, with more than 2,800 employees infected, forcing it to reduce service amid a dramatic drop in ridership.CEO Jacob Kam Chak-pui said the fifth wave…

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