KT&G Posts Strong Q2 Results, Raises Dividend Amid Global Growth
KT&G reported strong second-quarter results, with revenue up 8.7% year on year to KRW 1.55 trillion (about $1.1 billion) and operating profit rising 8.6% to KRW 349.8 billion (about $252 million). This marks the company’s third straight quarter of growth
KT&G reported strong second-quarter results, with revenue rising 8.7% year-on-year to KRW 1.55 trillion (about US$1.1 billion) and operating profit increasing 8.6% to KRW 349.8 billion (about US$252 million). This marks the company’s third consecutive quarter of growth and a new milestone, as first-half revenue exceeded KRW 3 trillion (about US$2.2 billion) for the first time.
Driven by global demand for its tobacco products, especially in Asia and Latin America, KT&G also delivered strong performance in next-generation products and health functional foods. Global cigarette sales volume rose 9.1% to 16.7 billion sticks.
The company raised its interim dividend to KRW 1,400 per share (US$1.008) and announced a KRW 300 billion (US$216 million) share buyback and cancellation starting August 8, as part of its ongoing KRW 3.7 trillion (US$2.7 billion) value-up program aimed at enhancing shareholder returns.
KT&G reaffirmed its target of achieving double-digit profit growth in 2025.
