SEOUL: State-run power monopoly Korea Electric Power Corp (Kepco) reported yesterday a 20% drop in second-quarter profit due to smaller foreign exchange gains, higher fuel costs and slower growth in demand.
Analysts were downbeat on the company's second-half outlook as oil prices remain relatively high, a cooler summer leaves air-conditioners idle and the economy is sputtering. But they said the strength of the South Korean currency could offset some of these factors.
Already a subscriber? Log in.
Subscribe to win RM50 Touch 'n Go e-Voucher! More Info
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!