Korea Electric Power (KRX:015760) may report an operating profit of 8.86 trillion won for 2024, rebounding from a 4.57 trillion won loss in 2023, Yonhap News reported Sunday, citing its financial data firm Yonhap Infomax.
Driven by recent rate hikes, the state-run company is also expected to log a fourth-quarter operating profit of 2.9 trillion won. If confirmed, this will mark the firm' s first annual profit in four years, the report said.
Shares of Korea Electric Power fell nearly 2% at market close on Monday.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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