Seoul: The state-run Korea Electric Power Corp. (KEPCO) announced a remarkable increase in its third-quarter net profit, reaching 3.79 trillion won (US$2.6 billion). This marks a 101.6 percent rise compared to the same period last year.

According to Yonhap News Agency, KEPCO revealed in a regulatory filing that its operating profit for the quarter was 5.65 trillion won, a significant increase from the 3.39 trillion won recorded a year ago. Additionally, the company's sales saw a 5.6 percent rise, totaling 27.57 trillion won.

The latest earnings report from KEPCO surpassed the expectations of market analysts. On average, analysts had estimated the company's net profit to be around 3.46 trillion won, based on a survey conducted by Yonhap Infomax, the financial data division of Yonhap News Agency.