KT&G reports 2023 second quarter results; Overseas Heat Not Burn volume growth of 72.7%
- None.
- None.
- Plans to announce share repurchase & cancellation of
KRW 300 billion and declare an interim dividend for the first time
For the 2023 second quarter, the Company posted consolidated revenue of
KT&G delivered impressive growth in Heat Not Burn category and combustibles exports, which proves the company's fundamentals remain intact.
The Heat Not Burn business saw continued volume growth as the total consumables volume that includes both domestic and overseas sales figures jumped
The Company's overseas combustibles revenue, including both overseas subsidiaries and exports, posted
Meanwhile, KT&G also shared its plans on share repurchase & cancellation and interim dividend. As part of the three-year shareholder return policy the Company has previously announced in 2021, KT&G plans to acquire 3.47 million of its own shares (
In addition, the Company declared its first ever interim cash dividend of
"We will continue to put our best efforts to enhance the shareholder and corporate values by developing the competitiveness of our core business areas, represented by Heat Not Burn, overseas combustibles, and Health Functional Food. It is also worth noting that in the fourth quarter this year, we will be announcing a New Shareholder Return Policy that includes treasury cancellation," said KT&G spokesperson.
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SOURCE KTG Corporation
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