KT&G to improve profitability on new device, overseas sales
IndustryNov 11, 2018
South Korean cigarette company KT&G is widely expected to see increased profitability in the fourth quarter on sales of its new e-cigarette lil here and improved overseas sales, the company said Sunday.The firm posted higher than expected performance in the July-September period, with 1.1 trillion won in revenue, down 7.6 percent on-year. In the cited period, its operating profit dropped 14.8 percent to 359.3 billion won, about 2.7 billion won higher than market projections, the company said. li