SEOUL, KOREA - Korea Tobacco & Ginseng Corp. said on January 16 in a regulatory filing that its consolidated operating profit for the whole year of 2013 was 1,013.3 billion won, down 2.2 percent from the previous year. Its sales revenue and net profit for the same period were down 4.1 percent and 22.9 percent, respectively, to 3,821.6 billion won and 559.33 billion won.

 

As for its fourth-quarter consolidated operating profit, the company saw an improvement of 22.9 percent to 222.84 billion won. During the same quarter, its sales revenue rose 3.4 percent to 987.18 billion won while net profit declined 25.3 percent to 78.83 billion won.

 

KT&G has become one of the 27 companies whose operating profit is over 1 trillion won. According to estimation by investors information provider FnGuide on January 13, the number of companies that would hit the 1-trillion-won level in operating profit in 2013 is 27, up 25 from the previous year, including new entrants to the exclusive club such as Doosan and CJ.