KT&G posted record quarterly results in the third quarter, driven by strong growth in its overseas cigarette business, and unveiled a plan to return approximately KRW 5 trillion to shareholders over the next four years as it accelerates its global expansion.KT&G said Thursday that its consolidated revenue reached KRW 1.9052 trillion in the third quarter, up 4.3% from a year earlier. Operating…
KT&G reported record Q3 results, with consolidated revenue reaching KRW 1.9052 trillion, a 4.3% increase from the previous year. The company's operating profit rose 13.9% to KRW 530.1 billion, marking the highest quarterly figures in its history. The tobacco business, particularly the overseas cigarette business, was the main driver of this growth, with revenue and operating profit both increasing from the previous year.
KT&G plans to return approximately KRW 5 trillion to shareholders over the next four years, including raising its annual dividend per share to KRW 8,000 from KRW 6,000 and increasing the dividend payout ratio to at least 75% by 2030.
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