Business · Companies · 7 hrs ago
KEPCO KPS shares fall after weak third-quarter results
KEPCO KPS reported third-quarter results well below market expectations.
The Korean company’s shares fell more than 6% in early trading on November 10.
Longer nuclear power plant maintenance work weakened its profitability.
KEPCO KPS is involved in maintaining nuclear power plants, and the extended work was linked to the weaker results.
Brokerages lowered their price targets for the company, adding pressure on the shares.
The available information does not say what the company or investors will do next.
KEPCO KPS shares fell more than 6% in early trading after the company reported third-quarter results well below market expectations.
At 9:54 a.m. on November 10, the shares were down 6.34%, or 2,550 won, at 37,650 won.
Prolonged nuclear power plant maintenance work weakened the company’s profitability.
Securities firms also lowered their price targets for the shares.
- Who
- KEPCO KPS.
- What
- Its shares fell 6.34% in early trading after weak third-quarter results.
- When
- November 10; the share price was reported at 9:54 a.m.
- Where
- The Korea Exchange’s securities market in South Korea.
- Why
- The company’s results were well below market expectations, with prolonged nuclear maintenance work weakening profitability; securities firms also lowered their price targets.
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- Share-price change
- Down 6.34%, or 2,550 won
- Share price
- 37,650 won at 9:54 a.m. on November 10
- Main earnings pressure
- Prolonged nuclear maintenance work weakened profitability