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Korea Electric Power Corporation (KEPCO) Marks First Operating Profit in 10 Quarters

South Korea
k 9503.TSE Blue Chip 150
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Korea Electric Power Corporation (KEPCO) disclosed on the 13th a noteworthy Q3 operating profit of 1.9966 trillion won, signaling a surplus after 10 consecutive quarters of losses. Sales reached KRW 65.6865 trillion, with operating expenses at KRW 72.1399 trillion, resulting in a KRW 6.4534 trillion operating loss. However, this reflects a significant improvement, attributed to a KRW 13.9214 trillion increase in sales and a KRW 1.4594 trillion reduction in operating expenses, mainly due to lower fuel costs.

KEPCO’s strategic rate adjustments and fuel price stabilization efforts played a pivotal role, enabling an operating profit despite a 0.3% dip in electricity sales volume. The Q3 surge in electricity rates by 29.8% contributed to a substantial KRW 13.8281 trillion rise in electricity sales revenue.

Despite this positive development, uncertainties linger about sustaining the surplus, given geopolitical tensions impacting global oil prices and exchange rates. KEPCO vows swift self-rescue measures to ensure normalized management.

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