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KEPCO Plant Service & Engineering Q1 net income up 120.7 pct to 46 bln won

Economy 14:04 May 12, 2023

SEOUL, May 12 (Yonhap) -- KEPCO Plant Service & Engineering Co. on Friday reported its first-quarter net income of 46 billion won (US$34.5 million), up 120.7 percent from a year earlier.

The company said in a regulatory filing that it posted 54.9 billion won in operating profit for the quarter, compared with 22.5 billion won a year ago. Sales rose 15.9 percent to 351.1 billion won.

The earnings failed to meet market expectations. The average estimate of net profit by analysts stood at 47 billion won, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency.

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