JR East Incurs Record Quarterly Loss in April-June

JR East Incurs Record Quarterly Loss in April-June

   Tokyo, July 30 (Jiji Press)--East Japan Railway Co. <9020>, or JR East, on Thursday reported a group net loss of 155,377 million yen for April-June, against a profit of 91,575 million yen a year earlier, due to a slump in travel demand as people stayed at home amid the coronavirus epidemic.
   The April-June loss was the largest ever for the company on a quarterly basis, exceeding the previous record of 61.4 billion yen, set in January-March 2011, when the Great East Japan Earthquake happened.

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