Most Popular
-
1
Heavy snow alerts issued in greater Seoul area, Gangwon Province; over 20 cm of snow seen in Seoul
-
2
Seoul blanketed by heaviest Nov. snow, with more expected
-
3
Seoul snowfall now third heaviest on record
-
4
Samsung shakes up management, commits to reviving chip business
-
5
Heavy snow of up to 40 cm blankets Seoul for 2nd day
-
6
How $70 funeral wreaths became symbol of protest in S. Korea
-
7
Seoul's first snowfall could hit hard, warns weather agency
-
8
Why cynical, 'memeified' makeovers of kids' characters are so appealing
-
9
BOK makes surprise 2nd rate cut to boost growth
-
10
Hybe consolidates chairman Bang Si-hyuk’s regime with leadership changes
KT&G Corp., South Korea’s state-run tobacco producer, said Thursday its net profit jumped 45.5 percent in 2014 from a year earlier, driven by an increase in domestic sales ahead of a sharp price hike.
Net income came to 813.8 billion won ($751.9 million) last year, compared with 559.3 billion won in 2013, the company said in a regulatory filing.
Operating profit went up 15.6 percent on-year to 1.17 trillion won last year, and sales gained 7.6 percent to 4.11 trillion won, it said.
The numbers reflect the performance results by KT&G and its subsidiaries, including the Korea Ginseng Corp.
The solid performance was attributable to increased sales in the local market ahead of a sharp rise in the tobacco tax, which nearly doubled the average price of cigarettes to 4,500 won per pack starting Jan. 1. (Yonhap)
Net income came to 813.8 billion won ($751.9 million) last year, compared with 559.3 billion won in 2013, the company said in a regulatory filing.
Operating profit went up 15.6 percent on-year to 1.17 trillion won last year, and sales gained 7.6 percent to 4.11 trillion won, it said.
The numbers reflect the performance results by KT&G and its subsidiaries, including the Korea Ginseng Corp.
The solid performance was attributable to increased sales in the local market ahead of a sharp rise in the tobacco tax, which nearly doubled the average price of cigarettes to 4,500 won per pack starting Jan. 1. (Yonhap)
-
Articles by Korea Herald
![[Today’s K-pop] Seventeen tops Oricon chart with 4th Japan single](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=642&simg=/content/image/2024/11/28/20241128050068_0.jpg&u=)