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Korea Electric Power profit misses consensus by 20.0% in Q1


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Korea Electric Power profit misses consensus by 20.0% in Q1

Korea Electric Power Corp. said its first-quarter normalized net income came to 3,356.62 South Korean won per share, compared with the S&P Capital IQ consensus estimate of 4,194.02 won per share.

EPS increased 71.2% year over year from 1,960.93 won.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 2.155 trillion won, a gain of 71.1% from 1.259 trillion won in the prior-year period.

The normalized profit margin climbed to 13.8% from 8.3% in the year-earlier period.

Total revenue climbed year over year to 15.587 trillion won from 15.124 trillion won, and total operating expenses declined 6.3% on an annual basis to 12.080 trillion won from 12.892 trillion won.

Reported net income rose 77.9% year over year to 2.135 trillion won, or 3,326.00 won per share, from 1.200 trillion won, or 1,869.05 won per share.

As of June 15, US$1 was equivalent to 1,168.65 South Korean won.