Korea Electric Power Corp. said its fourth-quarter normalized net income amounted to 2,348.59 South Korean won per share, compared with the S&P Capital IQ consensus estimate of 1,635.38 won per share.
EPS rose 334.9% year over year from 540.09 won.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 1.508 trillion won, a gain of 338.7% from 343.67 billion won in the prior-year period.
The normalized profit margin climbed to 10.3% from 2.3% in the year-earlier period.
Total revenue declined year over year to 14.596 trillion won from 14.815 trillion won, and total operating expenses decreased 14.4% on an annual basis to 12.014 trillion won from 14.036 trillion won.
Reported net income rose 243.2% on an annual basis to 1.554 trillion won, or 2,420.88 won per share, from 452.86 billion won, or 711.01 won per share.
For the year, the company's normalized net income totaled 9,697.47 won per share, compared with the S&P Capital IQ consensus normalized EPS estimate of 19,881.53 won.
EPS rose 142.6% from 3,998.10 won in the prior year.
Normalized net income was 6.225 trillion won, a gain of 148.6% from 2.504 trillion won in the prior year.
Full-year total revenue grew from the prior-year period to 58.582 trillion won from 57.123 trillion won, and total operating expenses declined on an annual basis to 47.612 trillion won from 50.903 trillion won.
The company said reported net income increased 394.6% on an annual basis to 13.289 trillion won, or 20,700.73 won per share, in the full year, from 2.687 trillion won, or 4,289.71 won per share.
As of March 11, US$1 was equivalent to 1,186.10 South Korean won.