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KT&G Corp. Q2 profit climbs 43.0% YOY

KT&G Corp. said its second-quarter normalized net income came to 227.38 billion won, an increase of 43.0% from 159.04 billion won in the year-earlier period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin increased to 21.1% from 16.0% in the year-earlier period.

Total revenue increased year over year to 1.032 trillion won from 992.28 billion won, and total operating expenses increased from the prior-year period to 713.50 billion won from 706.31 billion won.

Reported net income came to 267.80 billion won, compared with 186.79 billion won, or 1,483.62 won per share, in the year-earlier period.

As of July 23, US$1 was equivalent to 1,161.94 South Korean won.