KT&G Announces Second Quarter 2024 Financial Results and Reiterates Commitment to Shareholder Value Enhancement
KT&G Announces Second Quarter 2024 Financial Results and Reiterates Commitment to Shareholder Value Enhancement
- Revenue increased by 6.6% and operating profit by 30.6%, driven by robust performance in tobacco business
- KT&G reaffirms commitment to maximizing corporate value with core business-driven growth and enhancing shareholder value through best-in-class shareholder return policy
- 由於菸草業務表現強勁,營業收入增長了6.6%,營業利潤增長了30.6%。
- KT&G重申致力於通過主營業務的增長和通過最佳股東回報政策提高股東價值。
SEOUL, South Korea, Aug. 8, 2024 /PRNewswire/ -- KT&G Corporation ("KT&G" or the "Company") (KRX:033780), South Korea's leading tobacco manufacturer, today hosted an earnings conference call and announced its financial results for the second quarter ended June 30, 2024.
2024年8月8日,韓國首爾 / PRNewswire / - 韓國領先的菸草製造商KT&G公司(“KT&G”或“公司”)(KRX:033780)於今天舉行了業績發佈會並宣佈了截至2024年6月30日的第二季度財務業績。
The company reported consolidated revenue of KRW 1.424 trillion and operating profit of KRW 321.5 billion, marking year-over-year growth rate of 6.6% and 30.6%, respectively.
公司報告了合併營業收入1.424萬億韓元和營業利潤3215億韓元,同比增長6.6%和30.6%。
KT&G's second quarter growth was mainly driven by the robust performance in the Overseas Cigarette business, which is one of the company's 3 core growth businesses (Overseas Cigarette, Next Generation Product, Health Functional Food). The Overseas Cigarette business achieved growth in all key metrics, including revenue, operating profit, and sales volume. The revenue, in particular, reached an all-time high of KRW 359.1 billion, with an impressive double-digit growth rate of 35.3% this quarter. The operating profit soared by 139.1% year-over-year.
KT&G第二季度的增長主要是由於境外香菸業務表現強勁,這是公司三個核心增長業務之一(境外香菸,下一代產品,健康功能食品)。 境外香菸業務在所有關鍵指標(包括營業收入,營業利潤和銷售成交量)方面均實現了增長。特別是,營業收入在本季度達到了創紀錄的3591億韓元,同比增長35.3%。 營業利潤同比大幅增長139.1%。
The domestic NGP (Next Generation Product or Heated Tobacco) business also saw growth in all 3 key metrics: revenue increased by 10.8%, operating profit by 42.8%, and sales volume by 7.7% year-over-year. The overseas business continued to improve its profitability, driven by an increased proportion of stick sales volume, which is the key growth driver of the business.
國內NGP(下一代產品或加熱菸草)業務的三個關鍵指標均增長:營業收入同比增長10.8%,營業利潤同比增長42.8%,銷售成交量同比增長7.7%。境外業務繼續提高盈利能力,這是由於條銷售成交量的比例增加,該業務的主要增長驅動因素。
The Health Functional Food business also expanded growth overseas, with revenue increasing by 38.4% year-over-year to KRW 92.6 billion. This growth was driven by a 75.4% increase in revenue from China, a key market, reaching KRW 61.9 billion.
健康功能食品業務在海外也實現了擴張,營業收入同比增長38.4%,達到926億韓元。 這種增長是由中國市場的營業收入大幅增加75.4%導致的,達到了619億韓元。
During the earnings conference call, KT&G also shared specific plans to execute the mid-to-long-term shareholder return plan introduced last year. The plan includes KRW 1.8 trillion in cash dividend, KRW 1 trillion allocated for share buyback, and cancellation of nearly 15% of its outstanding shares. In February, KT&G cancelled 3.5 million existing treasury shares (equivalent to around KRW 315 billion).
在業績發佈會上,KT&G還分享了執行去年推出的中長期股東回報計劃的具體計劃。該計劃包括1.8萬億韓元的現金股息,1萬億韓元用於股票回購,以及取消近15%的流通股份。今年2月,KT&G取消了350萬股已有的廢止股票(相當於約3150億韓元)。
On the same day, KT&G's Board of Directors resolved to declare an interim dividend of KRW 1,200 and plans for share buyback and cancellation, demonstrating the Board's continued dedication to enhancing shareholder value by faithfully executing the shareholder return policy. The total annual dividend for this year, including the interim dividend, is expected to increase compared to last year and continue on an upward trend.
同日,KT&G的董事會決定宣佈中期股息爲1200韓元,並計劃回購和取消股票,展示了董事會致力於通過忠實執行股東回報政策來提高股東價值的持續承諾。今年的總年度股息預計將比去年增加,並繼續上升趨勢。
Moreover, KT&G plans to buy back 3.61 million treasury shares for immediate cancellation, worth approximately KRW 350 billion, starting from August 9, 2024. The total share cancellation amount for this year is expected to reach around KRW 665 billion. Additionally, KT&G plans to unveil a new corporate value enhancement plan in the second half of the year, continuing its strong commitment to the shareholder return policy.
此外,KT&G計劃從2024年8月9日開始回購361萬股庫存股進行立即取消,價值約爲3500億韓元。 今年的總共回購股數預計將達到約6650億韓元。 此外,KT&G計劃在下半年公佈新的企業價值增長計劃,繼續致力於股東回報政策。
Also, KT&G intends to accelerate the achievement of its vision towards a 'Global Top-tier' company by strengthening fundamental competitiveness and structural reforms centered around the 3 core growth businesses. To that end, in July, the company executed a MoU with Philip Morris International for collaboration on U.S. PMTA (Pre-market Tobacco Product Application) submission for KT&G's new NGP products.
此外,KT&G計劃加速實現其成爲“全球頂級”公司的願景,這是以三個核心增長業務爲中心的基本競爭力和結構改革。爲此,在7月份,該公司與菲利普莫里斯國際公司簽署了諒解備忘錄,以合作提交KT&G的新型NGP產品的美國PMTA(預市場菸草產品申請)。
KT&G also updated its full year outlook during the earnings conference call. The company projects the annual consolidated revenue to grow 2.5~3%, with operating profit expected to remain flat, reflecting changes in the business environment in the Health Functional Food and Real Estate sectors.
KT&G在業績發佈會上還更新了整個財年的展望。 該公司預計年度合併營業收入增長2.5〜3%,營業利潤預計保持不變,反映了健康功能食品和房地產業務環境的變化。
KT&G's spokesperson said: "We achieved growth in both revenue and operating profit in the second quarter by expanding our overseas business, which delivered solid performance in our core growth areas. We will continue to maximize corporate value by strengthening the competitiveness of our core growth businesses and enhance shareholder value through our best-in-class shareholder return policy."
KT&G的發言人表示:“我們通過擴大我們的境外業務實現了第二季度營業收入和營業利潤的增長,這在我們的核心增長領域表現出色。我們將通過加強我們的核心增長業務的競爭力並通過最佳股東回報政策提高股東價值,繼續最大化公司價值。”
譯文內容由第三人軟體翻譯。