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Business & Finance

Tokyo Electric to forecast $7.4bn net loss this year

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By Shoaib Ur Rehman
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tepcoTOKYO: Tokyo Electric Power Co is expected to forecast a net loss of 576.3 billion yen ($7.4 billion) and an operating loss of 332.7 billion yen in the year to March, the Jiji news agency said on Monday.

The operator of the crippled Fukushima nuclear plant, wrecked by a March quake and tsunami, is slated to announce its earnings results for the October-December quarter at 4:30 pm (0730 GMT) amid massive cleanup and compensation costs.

Copyright Reuters, 2012

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