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News analysis

Demand for KT&G’s next-gen products contributes to record-high Q3 revenues

Written by || 22nd November 2023 || News analysis | Financial results | Heated tobacco | Major brands | GeographiesAsia Indonesia Kazakhstan South Korea

KT&G reported record-high quarterly revenues for the third quarter of 2023, with a significant contribution from its next generation product (NGP) category, as part of its release on the quarter’s financial results.

The company said it saw KRW1.69tn ($1.29bn) in revenue in the third quarter of 2023, leading to an operating profit of KRW406.7bn ($312,000). In comparison, the company saw KRW1.62tn ($1.24bn) in revenue from the same quarter last year that resulted in KRW405.6bn ($311,000) operating profit over that period.

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Freddie Dawson

Senior news editor
Freddie studied at King’s College, London and City University and worked for publications including The Times, The Malay Mail, PathfinderBuzz and Solar Summary before joining the TobaccoIntelligence team. He has extensive experience in covering fast-moving consumer goods (FMCG), manufacturing and technological innovation.

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