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KT&G Q2 net soars 12 pct on strong domestic sales

All News 10:36 July 21, 2016

SEOUL, July. 21 (Yonhap) -- KT&G Corp., South Korea's state-run tobacco producer, on Thursday said its net profit gained 11.9 percent in the second quarter from a year ago on the back of brisk sales in the domestic market.

Net profit came to 291.6 billion won (US$2.55 million) on a consolidated basis in the April-June period, compared with 260.7 billion won a year earlier, the company said in a regulatory filing.

Operating income jumped 14.5 percent on-year to 354 billion won, and sales rose 5.4 percent to 1.08 trillion won over the cited period, it said.

The numbers reflect the performances of KT&G and its subsidiaries, including the Korea Ginseng Corp.


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