[Breaking] KEPCO Reports H1 Consolidated Operating Profit of 820.4 Billion KRW..."Thanks to International Fuel Price Decline"

[Asia Economy Reporter Moon Chaeseok]

- Korea Electric Power Corporation (KEPCO) announces Q2 earnings.

- Q2 consolidated operating profit of 389.8 billion KRW... second consecutive quarter of profit, turning profitable compared to the same period last year.

- First profit in three years for Q2... 2018: -687.1 billion KRW, last year: -298.7 billion KRW.

- KEPCO: "Decrease in fuel and power purchase costs due to decline in international fuel prices."

- Fuel and power purchase costs decreased by 2.5637 trillion KRW, electricity sales revenue decreased by 222.1 billion KRW.

- Essential power supply operating costs increased by 661.1 billion KRW.

- KEPCO: "Continuing to promote management efficiency to minimize power supply costs."

- KEPCO: "Striving to reform a rational electricity tariff system."

Headquarters building of Korea Electric Power Corporation. (Photo by Korea Electric Power Corporation)