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(Photo= Yonhap news) |
[Alpha Biz= Reporter Paul Lee] KT&G announced on the 9th that its consolidated operating profit for the first quarter of this year amounted to 2.366 trillion won, a 25.3% decrease from the same period last year. The revenue stood at 12.923 trillion won, showing a 7.4% decrease compared to the same period last year. However, the net profit increased by 4.2% to 285.6 billion won.
KT&G highlighted significant achievements in the domestic and overseas NGP (Next Generation Products, e-cigarettes) and international tobacco segments for the first quarter of this year.
In the NGP business, the core growth driver, both the quantity and sales revenue of domestic and overseas sticks achieved triple-digit growth. Particularly, global stick quantity continued to grow at a double-digit rate, increasing by 14.7% year-on-year to 2.11 billion units.
The total sales of the overseas tobacco business recorded 291.8 billion won, a 10.1% increase compared to the same period last year, driven by price increases in major countries such as Indonesia, marking the third consecutive quarter of sales growth.
AlphaBIZ Paul Lee(hoondork1977@alphabiz.co.kr)
