KEPCO’s net profit jumps in Q3

Korea Electric Power Corp., South Korea’s state-run power company, said Tuesday its net profit soared 61.1 percent in the third quarter from a year earlier on higher electricity rates and cheaper fuel costs.

Net income reached 1.56 trillion won ($1.37 billion) in the July-September period, compared with 973 billion won from a year ago, the company said in a regulatory filing.

Sales rose 4.3 percent to 14.97 trillion won in the period, while operating income jumped 84.9 percent to 2.86 trillion won.

The figures include earnings from KEPCO and its six power generation subsidiaries, including Korea Hydro & Nuclear Power Corp. (Yonhap)