Korea Electric Power swings to profits in Q1

Korea Electric Power Corp. on Friday reported its first-quarter net income of 595.9 billion won (US$435.3 million), shifting from a loss of 4.91 trillion won a year earlier. Operating income for the January-March period was 1.29 trillion, compared with a loss of 6.17 trillion won a year ago, the company said in a regulatory filing. Sales rose 7.9 percent to 23.29 trillion won. Source: Yonhap News Agency