Overview

• Second-quarter net profit plunged to 143.5 billion won from 312.7 billion won year-on-year due to a high comparison base created by prior-year sales provisions.
• Operating profit rose 8.6 percent to 350 billion won while revenue jumped 8.7 percent to 1.55 trillion won in April through June.
• KT&G recorded its third consecutive quarter of overall profit and revenue growth and its global cigarette business marked a fifth straight quarter of gains.
• The company completed its fourth overseas plant in Kazakhstan in April and is building a second factory in Indonesia set to begin operations next year.
• Domestic next-generation products captured a 45.8 percent market share in the first half, supporting its targets of 6 percent annual operating profit growth and 5 percent sales growth for 2025.