KT&G on track for W7tr revenue after record quarterly earnings

What happened: KT&G reported record quarterly revenue and operating profit for July-September, led by overseas cigarette sales and heated tobacco, and pledged larger shareholder returns over the next four years. Key numbers: Quarterly revenue 1.91 trillion won, up 4.3 percent; operating profit 530.1 billion won, up 13.9 percent. Why it matters: The company targets earning over 70 percent of cigarette revenue overseas by 2030 and lifting its payout ratio to 75 percent or higher, with the CEO citing profitability-driven growth and world-class shareholder returns.

KT&G reported record quarterly revenue and operating profit for July-September, led by overseas cigarette sales and heated tobacco, and pledged larger shareholder returns over the next four years.

The company targets earning over 70 percent of cigarette revenue overseas by 2030 and lifting its payout ratio to 75 percent or higher, with the CEO citing profitability-driven growth and world-class shareholder returns.