KT&G reports record-high revenue in 2023 driven by robust growth of core business areas



 ̶  Plans to cancel 3.5 million existing treasury shares on February 16th
 ̶  Declared a year-end dividend of KRW 4,000, bringing the annual dividend to KRW 5,200 including the interim dividend

SEOUL, South Korea, Feb. 7, 2024 /PRNewswire/ — KT&G Corporation(“KT&G” or the “Company”) (KRX:033780) announced its 2023 fourth-quarter and full-year results on February 7th.

KT&G posted revenue of KRW 1.451 trillion and operating profit of KRW 198.6 billion in the fourth-quarter. For the full-year, the company reported record revenue of KRW 5.872 trillion and operating profit of KRW 1.168 trillion.

KT&G’s record annual revenue was mainly driven by the outstanding performance in the overseas combustibles business, which is one of the three core business areas(Overseas Combustibles – Next Generation Product Health Functional Food) as declared by …

Full story available on Benzinga.com


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