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» TEPCO posted a solid first-half pretax profit despite not restarting nuclear reactors

TEPCO posted a solid first-half pretax profit Friday, despite not restarting any of its idled reactors or hiking electricity rates.

TEPCO refrained from making full-year projections, saying it is difficult to do so while its workhorse nuclear plant remains offline following the March 2011 earthquake and tsunami.

TEPCO, which was effectively nationalized in the wake of the crisis, said it chalked up a group pretax profit of ¥242.8 billion ($2.23 billion) in the April-September half, up 71.4 percent from a year earlier. It attributed the solid result to postponed construction of power plants and cuts in manpower and materials costs.

Its revenue rose 3.7 percent to ¥3.334 trillion despite a decline in electricity sales caused by cooler summer temperatures.

<Media Report>
Tepco posts solid first-half profit sans reactors, rate hikes (Japan Times)


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