InfoAnda - SKorea's state power firm swings to Q1 loss

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Hamas urges militant groups to stop attacking Israel | | 9 January 2011
9-11 victims' kin to watch Guantanamo court proceedings | 8 December 2008
Former Malaysian PM Mahathir rejoins ruling party | 4 April 2009

Actor James Franco pulls out of UCLA grad speech | 8 June 2009

">Forum Views () ">Forum Replies ()

Read more with google mobile : SKorea's state power firm swings to Q1 loss - Yahoo! Singapore News

Yahoo! My Yahoo! Mail Yahoo! Search Search: Sign InNew User? Sign Up News Home - Help Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Singapore Asia Pacific World Search Search: SKorea's state power firm swings to Q1 loss AFP - Thursday, April 16 SEOUL (AFP) - - South Korea's state utility Korea Electric Power Corp said Thursday it swung to a hefty net loss in the first quarter due mainly to higher fuel costs and foreign exchange losses from a weaker won. ADVERTISEMENT KEPCO recorded a net loss of 882.2 billion won (665 million dollars) in January-March compared to a net profit of 299.7 billion won a year earlier. Revenue climbed 4.3 percent year-on-year to 8.36 trillion won from 8.02 trillion. The operating loss widened to 1.76 trillion from a loss of 219.1 billion. The firm has suffered quarterly net losses since the second quarter of 2008 after the government decided to freeze electricity charges for most of the year despite a rise in fuel costs. Oil and liquefied natural gas prices have fallen recently but a weaker won has offset the impact. A fall in coal prices has not helped much yet because the firm purchases coal mostly in long-term contracts, an unidentified official of the company told Dow Jones Newswires. "It would require a double-digit hike in electricity charges (for the company's performance to improve)," said the official. "KEPCO and the government are still in talks over a hike this year." In January-March the firm's power purchase costs increased 26 percent year-on year to 8.82 trillion. KEPCO, which has large foreign currency liabilities, incurred foreign exchange losses of 204.1 billion won, up 58 percent from a year earlier. Kim Seung-Churl at Meritz Securities told Dow Jones he expects lower oil prices this year to help the company cut losses. But any meaningful recovery would be difficult without "about a 20 percent hike in electricity charges by the government, which looks impossible in reality, this year." In November the firm raised electricity charges by an average 4.5 percent. Email Story IM Story Printable View Blog This Recommend this article 0 users recommend Sign in to recommend this article » Most Recommended Stories » Related Articles: Business Moldova's breakaway region asks Russia for loanReuters - Thursday, April 16 Schneider settles 3-yr Chint patent suit -XinhuaReuters - Thursday, April 16 Rallis Q4 net up 25 pct, sets 2-bln-rupee FY10 capexReuters - Thursday, April 16 Putin sees economy up in 2010, says FinMin "stressed"Reuters - Thursday, April 16 Crude stockpiles rose much more than expectedAP - Thursday, April 16 Enlarge Photo SKorea's state power firm swings to Q1 loss Related Photos Slideshow Full Photo Coverage: Business & Economy Most Popular – Business Viewed Police nab Norwegian pair during high-speed sex Bad mood, better recall, researchers find Obamas' new dog Bo takes a bow Harry Potter actor arrested over cannabis find UBS to cut 8,700 jobs after posting new losses View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Copyright © 2009 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

Other News on Saturday, 9 November 2024
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph	VPN on MacOSX	BlogMeter 1.01