Korea Electric Power Corporation reported a significant increase in operating profit for the last year, yet it still faces a staggering debt of over 200 trillion won.
Korea Electric Power Corporation (KEPCO) has recorded an operating profit of 13.5 trillion won for the previous year, marking a 62% increase from the year before. Despite this notable growth, the company continues to grapple with substantial liabilities, with total debt reported to exceed 206 trillion won. KEPCO attributes this positive performance to stabilizing fuel prices, anticipated rate adjustments in 2024, and diligent implementation of its financial health plans.
Revenue for KEPCO reached approximately 97.43 trillion won, reflecting a 4.3% rise compared to the previous year. Although electricity sales volume experienced a minor decline of 0.1%, the selling price per kilowatt-hour saw a 4.6% increase, which contributed significantly to the total sales revenue of 93.04 trillion won. This suggests that while demand may have dipped slightly, higher pricing has aided in boosting KEPCO's profits substantially.
