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KT&G: Q1 2024 Results

By Tobacco InsiderIn All, companies, kt&gPosted

Q1 2024 Results1 “Delivers gloomy results, promises earnings turnaround in the second half” Revenue: ₩1.29Tn (-7.4% year-on-year) => decline driven by the weakness in Health-Functional Food (HFF) and Real Estate businesses, tobacco revenue flattish EBITDA: ₩297.4Bn (-20.8%) EBITDA Margin: 23% (-3.9pp) Operating Profit: ₩236.6Bn (-25.2%) => in addition to the...

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