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TMRT posts loss of NT$103.92 million for the first quarter

Taichung Mass Rapid Transit System Corp (TMRT) lost NT$103.92 million (US$3.5 million) from January to March, and its merchandise failed to generate revenue due to a lack of appeal, a city councilor said.
The COVID-19 pandemic has taken a heavy toll on the company, with the average ridership estimated to be fewer than 54,500 people per day so far this year, Taichung City Councilor Huang Hsin-hui (黃馨慧) of the Chinese Nationalist Party (KMT) said during a question-and-answer session at the Taichung City Council on Friday.
TMRT chairman Lin Chih-ying (林志盈) said ridership fell short of expectations due to the COVID-19 pandemic.
The company’s ....

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