• Kyodo

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Tokyo Electric Power Co. on Friday reported its first nine-month profit for the April-December period since the 2011 nuclear crisis at its Fukushima No. 1 complex started, amid continuing cost-cutting efforts and electricity rate hikes.

Tepco posted a group pretax profit of ¥189.22 billion for the nine months, compared with a loss of ¥195.05 billion a year earlier. It also projected a profit for the full business year through March.

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