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KT&G Corp. Q3 profit climbs 25.3% YOY

KT&G Corp. said its normalized net income for the third quarter was 2,179.00 South Korean won per share, compared with the S&P Capital IQ consensus estimate of 2,492.75 won per share.

EPS increased 25.2% year over year from 1,740.81 won.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 275.16 billion won, a gain of 25.3% from 219.58 billion won in the prior-year period.

The normalized profit margin increased to 21.5% from 18.0% in the year-earlier period.

Total revenue increased on an annual basis to 1.279 trillion won from 1.220 trillion won, and total operating expenses increased 8.0% on an annual basis to 857.17 billion won from 793.86 billion won.

Reported net income grew 23.1% on an annual basis to 307.87 billion won, or 2,438.00 won per share, from 250.13 billion won, or 1,983.00 won per share.

As of Nov. 14, US$1 was equivalent to 1,114.97 South Korean won.