KEPCO KPS, a plant solution provider, posted 1,380.6 billion won in sales last year, up 6 percent over the previous year on a consolidated basis.
The company logged 124 billion won in operating profit, 98.7 billion won in net profit and 2,193 won in earnings per share (EPS).
The business performance was owed to the provision of good maintenance services to power transmission facilities in Korea and abroad under the catchphrase “Along with Green Energy, Beloved, Sustainable Growth Company.”
KEPCO KPS’s efforts to proactively and precisely cope with environmental changes, such as the “new normal” era caused by the COVID-19 pandemic, and energy transition policies, have paid off.
Behind the remarkable improvement of its financial standing lie management goals, such as the execution of responsible maintenance to gain public reliability, invigorating new businesses based on the Green New Deal initiative, the pushing for innovative growth based on digital and New Deal initiative, and realization of inclusive social values.
KEPCO KPS made remarkable achievements in overseas, renewable energy and external business sectors by winning orders such as Talwandi Sabo Power Limited’s thermal power plant Q&M project in India, Gwangyang Biomass Q&M business project, and the POSCO Gwangyang Works Giryeok-2 plant overhaul project.
KEPCO KPS posted a record 204.4 billion won in sales in the overseas business, raising its standing as a global power maintenance platform company.
The company also carried out a combined 55 research tasks based on the “KPS2020 mid- and long-term technology development roadmap” to lead technologies in the M&O sector.
KEPCO KPS has been nurturing future growth engines by accumulating technologies and nurturing them into assets like applying and registering 269 intellectual properties.
These efforts led to tangible outcomes and awards, such as topping the Dow Jones sustainability index 13 years in row, being a first grade company in quality competitiveness on 22 occasions and winning the presidential award in national quality group competitions for the 23rd consecutive year.
KEPCO KPS is devoting itself to being reborn into a global No. 1 power facility maintenance industry platform company by aggressively pursuing ESG management through mobilizing of companywide capabilities and securing the best maintenance capabilities and technology competitiveness.
The company is prepared to build a full response regime to make this year a year of coping with the energy transition now that uncertainties caused by the “new normal” era and eco-friendly energy industry paradigm shifts.
KEPCO KPS strives to be a public entity with integrity and sustainable growth by supporting a stable supply of power and through inside innovation and ESG management.
To this end, KEPCO KPS has set this year’s core goals such as responsibility maintenance prioritizing people’s lives and safety to gain public trust, ramping up carbon neutrality to secure sustainable growth and new growth businesses, upgrading a sustainable management system through improving of inside fundamentals and strengthening of capabilities, and leading creation of inclusive social values as an open-minded company coexisting and developing with society and worked out detailed action plans.
KEPCO KPS President Kim Hong-yeon said, “We at KEPCO KPS will make endless efforts to become a beloved company maintaining sustainable growth along with green energy by proactively coping with rapidly changing environment ahead.”
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