KTandG’s Net Income Drops by 7.8% in 2023

SEOUL — KTandG Corp. reported a 7.8 percent decrease in its net income for the year 2023, with figures falling to 926.6 billion won ($697.8 million).

According to Yonhap News Agency, the operating income also saw a slight decrease of 7.9 percent, settling at 1.16 trillion won. Despite the declines in net and operating incomes, KTandG witnessed a marginal increase in annual sales, which rose by 0.4 percent to 5.87 trillion won.

This slight downturn in profitability comes in a year marked by modest sales growth, indicating the company's resilience in a challenging market environment and its ability to maintain steady sales despite income decreases.

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