Tepco’s Profit Plummets Amid Declining Sales and New CompetitionBy
Operating profit falls by 37 percent in the first quarter
More than 750,000 Tepco customers have switched providers
Tokyo Electric Power Co. Holdings Inc., operator of the wrecked Fukushima Dai-Ichi nuclear plant, said first-quarter operating profit plummeted 37 percent as sales declined amid faltering demand and new entrants into Japan’s power market.
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