KEPCO Q3 net surges on asset sales, higher electricity rates
Nov 5, 2015
State-run Korea Electric Power Corp. said Thursday that its third-quarter earnings surged, largely due to gains from asset sales and higher electricity rates. Net profit reached 9.28 trillion won ($8.16 billion) in the July-September period, compared with a profit of 1.55 trillion won a year earlier, the company said in a regulatory filing. Operating income also jumped 52 percent on-year to 4.34 trillion won, and sales gained 3.8 percent to 15.47 trillion won over the cited period. (Yonhap)