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via finance.yahoo.comBusiness & Companies

Korea Electric Power falls 9.79% after third-quarter net profit drops 78%

FROM THE WIRE · FINANCE.YAHOO.COM

This article first appeared on GuruFocus. Korea Electric Power (NYSE:KEP) shares fell 9.79% to 27,650 won at the November 13 regular-session close in Seoul, after the state-run utility reported a 78% drop in third-quarter net profit. The numbers were stark. Net profit fell to…

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishA sharp profit decline and higher fuel costs weigh on the shares of a major utility.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01The shares closed at 27,650 won on November 13, down 9.79%.
  2. 02Third-quarter net profit fell to 835.89 billion won from 3.79 trillion won.
  3. 03Fuel costs at generating subsidiaries topped 2.2 trillion won in the quarter.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Korea Electric Power CorporationKEPStock10.20 USD+0.10%today -8.40%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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