April 25, 2024

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[THE INVESTOR] KT&G, Korea’s leading tobacco maker, said on Oct. 26 its third-quarter net profit rose 23.2 percent from a year ago.

Net profit came to 308 billion won (US$274 million) on a consolidated basis in the July-September period, compared with 250 billion won a year earlier, the company said in a regulatory filing.

Operating income edged down 1.1 percent on-year to 422 billion won, while sales grew 4.8 percent to 1.28 trillion won over the cited period, it said.

The number of cigarettes sold abroad jumped 11.7 percent on-year from 10 billion to 11.5 billion, and its overseas revenue rose 4.8 percent to 206 billion won during the cited months.

By Alex Lee and newswires (alexlee @heraldcorp.com)