Q3 Earnings Of South Korean Tobacco Giant KT&G Rise 3.3 PCT

Source from:  SEOUL, Oct 17 Asia Pulse 10/18/2007

KT&G Corp. (KSE:033780), South Korea's leading tobacco company, has said its third-quarter earnings rose 3.3 per cent from a year earlier on increased sales of high-priced cigarettes. Net profit reached 198.5 billion won (US$216.3 million) in the July-September period, compared with 192 billion won a year earlier, KT&G said in a regulatory filing. Revenue inched up 0.6 per cent year-on-year to 634.4 billion won and operating profit increased 2.7 per cent to 233.1 billion won, it added. KT&G shares fell 3.1 per cent to 70,800 won as of 11:22 a.m. on the Seoul bourse. Enditem