KEPCO 2019 Operating Profit 1.3566 Trillion Won... 552% Decrease YoY

[Asia Economy Reporter Minwoo Lee] Korea Electric Power Corporation announced on the 28th that it posted provisional results of consolidated sales of 59.0927 trillion KRW and operating profit of 1.3566 trillion KRW last year. Compared to the previous year, sales decreased by 2.5% and operating profit decreased by 552.2%. Net profit for the same period also fell by 89.4% to 2.2244 trillion KRW. KEPCO explained that these changes were due to a decrease in sales revenue caused by a decline in electricity sales volume.