KT&G raises outlook after record first-half revenue

KT&G delivered double-digit profit growth for a fourth straight quarter, posting record first-half revenue as its profitability strategy and robust overseas sales drove the gains, the South Korean tobacco maker said Thursday. In the April-June period, consolidated revenue rose 9.9 percent from a year earlier to 1.7 trillion won ($1.2 billion), while operating profit climbed 18.5 percent to 414.5 billion won. Revenue for the first half reached about 3.4 trillion won, a record for the six-month st

By The Korea Herald