Headquarters of Korea Electrical Energy Corp. (KEPCO) / Yonhap
The state-run Korea Electrical Energy Corp. (KEPCO) will probably publish an working revenue for 2024, marking its first working revenue in 4 years on current fee hikes, knowledge confirmed Sunday.
KEPCO is forecast to log an annual working revenue of 8.86 trillion received ($6.07 billion) for final yr, swinging from a lack of 4.57 trillion received in 2023, in accordance with knowledge compiled by Yonhap Infomax, the monetary knowledge agency of Yonhap Information Company.
For the fourth quarter, the corporate is anticipated to report an working revenue of two.9 trillion received.
KEPCO has reported an working loss for 3 consecutive years since 2021, posting a mixed lack of 43 trillion received, as a consequence of hovering world vitality costs sparked by the Russia-Ukraine conflict and different geopolitical components.
The corporate’s debt totaled 202.9 trillion received as of June, up 440 billion received from the top of 2023.
To enhance its monetary soundness, the corporate has raised the typical electrical energy fee by a mixed 50 % on seven events since 2022.
KEPCO continues to be unlikely to supply dividends to its shareholders, analysts stated, noting the corporate had reported a mixed internet lack of round 830 billion received for the primary 9 months of 2024. (Yonhap)
