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KEPCO Q2 loss narrows on increased electricity rates

2013/08/09 15:28

SEOUL, Aug. 9 (Yonhap) -- State-run electricity provider Korea Electric Power Corp. (KEPCO) said Friday that its loss narrowed in the second quarter from a year earlier on the back of increased electricity rates and cost-cutting efforts.

Net loss reached 1.58 trillion won (US$1.42 billion) in the April-June period, compared with a loss of 1.77 trillion won a year earlier, it said.