Tepco Reports Quarterly Loss of 571.76B Yen

Tokyo Electric Power Co

posted a net loss of Y571.76 billion for the three months through June. In May, Tepco posted a loss of Y1.247 trillion for the 12 months ended March. Tepco posted a quarterly operating loss of Y52.05 billion, versus a Y62.88 billion profit in the earlier year. Its revenue declined 7.2% to Y1.133 trillion from Y1.221 trillion. Tepco shares dropped 6.50% to close at $5.47 yesterday.