Seoul: KEPCO KPS has announced a sharp decline in its first-quarter net profit, recording a figure of 11.2 billion won (US$8 million), reflecting a 74.2 percent decrease compared to the same period last year.
According to Yonhap News Agency, the company's operating income for the January-March period experienced an 85.1 percent drop, totaling 7.8 billion won. Furthermore, sales during this period fell by 16 percent, amounting to 288 billion won. These figures were detailed in a regulatory filing released by the company.