South Korean tobacco manufacturer KT&G reported record-high operating profit and revenue in the third quarter, putting it on track to hit 7 trillion won in annual revenue.
South Korean tobacco manufacturer KT&G posted record-high third-quarter operating profit and revenue, putting it on track to hit 7 trillion won in full-year revenue. The company announced on Thursday that its consolidated revenue for the July–September period rose 4.3% year-on-year to 1.91 trillion won (approximately $1.4 billion), while operating profit surged 13.9% to 530.1 billion billion won. Both figures marked all-time record highs for a single quarter, driven by robust overseas cigarette sales and a booming heated tobacco products business. Meanwhile, the company pledged to enhance shareholder returns over the next four years.
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