http://afp.google.com/article/ALeqM5gcl4kD-dRLyaHEtuxWwJ8r5NOOJgTOKYO (AFP) — TEPCO, the world's biggest private electricity supplier, said Wednesday it expected to go into the red this year for the first time in nearly three decades after an earthquake shut down a nuclear plant.
Tokyo Electric Power Co. said net profit plunged 88 percent year-on-year in the first six months to 21.1 billion yen (185.21 million dollars).
The world's largest nuclear plant, operated by TEPCO northwest of Tokyo, has been shut since a July 16 earthquake that caused dozens of problems at the facility, including a fire and a radioactive leak.
UN nuclear inspectors found no safety risks at the plant, but the company has said it will be shut at least for the rest of the year.
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