Q1 2022 Korea Electric Power Corp Earnings Call (English, Korean) Transcript
[Interpreted] Now we will provide the overview in English, starting with operating income. In the first quarter of 2022, KEPCO recorded an operating loss of KRW 7.8 trillion. To take a closer look, operating revenues increased by 9.1% to KRW 16.5 trillion year-on-year. Power sales revenue rose by 7.6% to KRW 15.4 trillion, while revenue for overseas and other businesses increased by 36.1% to KRW 1.1 trillion.
Moving on to main operating costs, cost of goods sold and selling, general and administrative expenses surged by 67.0% to KRW 24.3 trillion. Fuel costs surged by 92.8% to KRW 7.7 trillion due to rapid increase in oil and LNG prices.
Next, purchase power costs surged to KRW 10.6 trillion. This was due to larger purchase power volume from the independent power producers and higher unifies of purchase power. Depreciation cost rose by 5.9% to KRW 2.7 trillion due to the increase in depreciable assets resulting from the completion of electric facilities including transmission and distribution lines.
Now let me explain KEPCO's nonoperating segment.
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