KEPCO Q3 net income falls 77.9% to $627.1 mil.

State-run Korea Electric Power Corp. (KEPCO) on Thursday reported a third-quarter net income of 835.9 billion won ($627.1 million), down a sharp 77.9 percent from a year earlier. The public utility company said in a regulatory filing that it posted 1.64 trillion won in operating profit for the quarter, compared with 5.65 trillion won a year ago. Revenue also fell 2.6 percent to 26.85 trillion won. The earnings fell short of market expectations. The average estimate of net profit by analysts stood at 1.57 trillion won, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency.