Business
KT&G's Strong Global Cigarette Business Tows Q1 Revenue and Operating Profit Growth
On the 8th, KT&G(KRX: 033780) hosted an earnings call, announcing results for the first quarter of 2025.
About this update from Kt & G Corporation
[{"type":"text","content":"– Q1 consolidated revenue stands at 1.491 Trillion KRW, operating profit at 285.6 billion KRW, 15.4% and 20.7% YoY growth respectively","length":134,"tagName":"p"},{"type":"text","content":"– 'Triple Growth' of operating profit, sales volume, and revenue in the global cigarette business, accelerates core business profitability-based growth","length":159,"tagName":"p"},{"type":"text","content":"SEOUL, South Korea, May 8, 2025 /PRNewswire/ -- On the 8th, KT&G(KRX: 033780) hosted an earnings call, announcing results for the first quarter of 2025.","length":156,"tagName":"p"},{"type":"text","content":"KT&G reported a consolidated revenue of 1.491 trillion KRW and consolidated operating profit of 285.6 billion KRW, a year-on-year growth of 15.4% and 20.7% respectively. Revenue and operating profit both showed double-digit growth, while profit growth surpassed that of revenue, demonstrating the results of profitability-focused business management.","length":354,"tagName":"p"},{"type":"text","content":"In KT&G's main business, the cigarette business, revenue grew 15.3% YoY reaching 988 billion KRW and operating profit grew 22.4% reaching 252.9 billion KRW, resulting from the high growth of the global business. Price hikes and sales volume growth in major markets led to the global cigarette business's "triple growth" in operating profit, sales volume, and revenue for four consecutive quarters. The global business's operating profit soared with 312.5% growth and revenue rose 53.9% YoY to record 449.1 billion KRW, marking a new historic high in quarterly performance.","length":598,"tagName":"p"},{"type":"text","content":"The achievements resulted from CEO Kyung-man Bang's fully-local value chain strategy that was implemented since his inauguration last year. In addition, local infrastructure expansion such as the completion of the new factory in Kazakhstan last April, and the upcoming completion of the new Indonesian factory next year is expected to accelerate the growth of the global business even further.","length":397,"tagName":"p"},{"type":"text","content":"The NGP business, with its flagship brand "lil Hybrid", saw a 6.5% YoY revenue growth in the Korean market. The Health Functional Foods (HFF) division, managed by KGC (Korea Ginseng Corporation), reported revenue growth of 1.9...