Most Popular
-
1
Heavy snow alerts issued in greater Seoul area, Gangwon Province; over 20 cm of snow seen in Seoul
-
2
Seoul blanketed by heaviest Nov. snow, with more expected
-
3
NewJeans to terminate contract with Ador
-
4
Seoul snowfall now third heaviest on record
-
5
Samsung shakes up management, commits to reviving chip business
-
6
Heavy snow of up to 40 cm blankets Seoul for 2nd day
-
7
How $70 funeral wreaths became symbol of protest in S. Korea
-
8
Hybe consolidates chairman Bang Si-hyuk’s regime with leadership changes
-
9
Why cynical, 'memeified' makeovers of kids' characters are so appealing
-
10
BOK makes surprise 2nd rate cut to boost growth
KEPCO Q3 net rises 1.8 % on high electricity price
By Korea HeraldPublished : Nov. 12, 2013 - 19:42
Korea Electric Power Corp., South Korea’s state-run energy company, said Tuesday that its third-quarter net income rose 1.8 percent from a year ago on the back of higher electricity prices during the summer.
Net profit came to 973.66 billion won ($909.6 million) in the July-September period, compared with 956.23 billion won a year earlier, the company said in a regulatory filing.
Sales rose 6.8 percent to 14.28 trillion won in the period, but operating profit fell 18.8 percent to 1.55 trillion won.
The figures were derived from data that include the performances of KEPCO and its subsidiaries.
“The on-year rise in the third-quarter earnings stemmed from relatively higher electricity prices during the summer than any other seasons,” KEPCO said in a regulatory filing.
KEPCO sells electricity to customers such as commercial users at varied prices depending on seasonal demands. Residential, educational, industrial, agricultural and street lighting customers are not included.
During the July-August period, electricity is sold at 102.9 won per kilowatt-hour, while it is priced at 88.8 won per kilowatt-hour. (Yonhap News)
Net profit came to 973.66 billion won ($909.6 million) in the July-September period, compared with 956.23 billion won a year earlier, the company said in a regulatory filing.
Sales rose 6.8 percent to 14.28 trillion won in the period, but operating profit fell 18.8 percent to 1.55 trillion won.
The figures were derived from data that include the performances of KEPCO and its subsidiaries.
“The on-year rise in the third-quarter earnings stemmed from relatively higher electricity prices during the summer than any other seasons,” KEPCO said in a regulatory filing.
KEPCO sells electricity to customers such as commercial users at varied prices depending on seasonal demands. Residential, educational, industrial, agricultural and street lighting customers are not included.
During the July-August period, electricity is sold at 102.9 won per kilowatt-hour, while it is priced at 88.8 won per kilowatt-hour. (Yonhap News)
-
Articles by Korea Herald
