Indiantelevision.com Team

(23 July 2007 3:30 pm)

MUMBAI: LG Electronics India has announced their sales turnover figures for the period Jan–June 2007. The company has registered good growth vis-à-vis the same period last year, in all categories including export and GSM, which are the two main focus areas.

LG has posted significant growth across categories. In the consumer electronic segment, LG has achieved 13 per cent growth with a turnover of Rs 15 billion.

In the domestic market, LG posted a turnover of Rs 45 billion and in terms of exports LG recorded a growth of 50 per cent over the first half of last year. The company overall clocked turnover of Rs 5 billion in H12007 as compared to Rs 3.30 billion in the first half of last year.

LGEIL president and MD South West Asia Moon B. Shin said, "I am extremely happy to announce LG's performance in the first half of this year. We have already attained an overall turnover of Rs 50 billion in the period Jan – June 2007, and I am confident that we will be able to meet our target of Rs 95 billion by year end. We attribute this successful first half to our strategic product portfolio expansion, innovative marketing strategies and technology leadership. Our focused customer and dealer relationship programmes have also helped us to achieve double digit growth."