KT&G (CEO Baek Bok-in) said on April 24 that the company would announce its provisional result for the first quarter of the year on May 11 through the electronic disclosure system. Starting with the earnings announcement this time, the company plans to strengthen the interactions with interested parties in the capital market by introducing the webcast service and also disclosing operating profits for each business division.

Regarding the financial performance, KT&G plans to disclose the sales and operating profit for each business area by dividing the businesses into △ tobacco △ dietary supplement △ real estate and △ other business fields, and provide the capital market with detailed information, such as causes of the increase or decrease of profits. In the international cigarette sector, the company will also disclose the data, including the sales in each major region and the shares of each region in the company’s international cigarette sales.

In February, KT&G posted for the first time the revenue as well as the sales volumes of NGPs (Next Generation Products) in South Korea and other countries at the announcement of the financial performance for the fourth quarter of 2022. Moreover, with the increased profit for each business division at the posting of the first quarter performance, the communication will further be reinforced with the capital market regarding the management performance and the financial status.

In addition, as part of the shareholder-friendly management, KT&G will introduce a webcasting service along with a conference call, starting with the first quarter earnings posting. Accordingly, all the interested parties, including the shareholders, can listen to the earnings announcement in real time through the KT&G website ( www.ktng.com ). 

KT&G plans to actively survey various needs of the capital market and continuously pursue the advancement of its IR activities.

A KT&G official said, “In order to further strengthen communications with stakeholders, including our shareholders, we introduced the webcasting service, and expanded the disclosure of the profit data for each business sector.” He added, “Going forward, from the perspective of improving the long-term shareholder value, we will actively interact with interested parties in the capital market.”

(Photo description) KT&G logo