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FINWIRES

SGC Energy Returns to Profit in Q1

-- SGC Energy (KRX:005090) posted first-quarter net income attributable to shareholders of 4.5 billion won, reversing the attributable net loss of 2.8 billion won a year earlier, according to a Tuesday filing with the Korea Exchange.

Sales of the South Korean energy generation company were down 1% year over year to 612 billion won from 618.5 billion won.

Shares of SGC Energy rose nearly 4% at market close.

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