KEPCO Q1 net profit up 6.7 pct on cost-saving efforts

The state-run Korea Electric Power Corp. (KEPCO) said Wednesday its net income rose more than 6 percent from a year earlier in the first quarter, despite a limited increase in sales, thanks to its cost-saving efforts under an emergency management mode. Net profit for the January-March period came to 2.51 trillion won ($1.7 billion), up 6.7 percent from a year earlier, the company said in a regulatory filing. Its operating profit rose 0.8 percent on-year to 3.78 trillion won, while revenue increa

By The Korea Herald