KT&G Second Quarter 2024 Earnings: EPS: ₩2,767 (vs ₩1,751 in 2Q 2023)

KT&G (KRX:033780) Second Quarter 2024 Results

Key Financial Results

• Revenue: ₩1.42t (up 6.6% from 2Q 2023).
• Net income: ₩319.5b (up 58% from 2Q 2023).
• Profit margin: 22% (up from 15% in 2Q 2023). The increase in margin was primarily driven by higher revenue.
• EPS: ₩2,767 (up from ₩1,751 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

KT&G Earnings Insights

Looking ahead, revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Tobacco industry in Asia.

Performance of the market in South Korea.

The company's shares are up 15% from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. See our latest analysis on KT&G's balance sheet health.

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