LG Electronics India saw its net profit decline by 27.3 per cent due to margin pressures witnessed in the second quarter. Its net sales in the quarter marginally rose 0.9 per cent to Rs 6,170.4 crore in the July-September quarter.
LG Electronics India is targeting to sell 200,000 personal computers in 2005 from 74,000 last year with the turnover of the IT division expected to increase during the year to Rs 1100 crore (Rs 11 billion).
LG electronics India Ltd would invest Rs 55 crore (Rs 550 million) in plant and machinery and product development in the country, which would include manufacturing front-loading washing machines.
With cricket fever setting in, LG Electronics India private Ltd has set a sales target of Rs 1200 crore (Rs 12 billion) during the Pakistan team's tour to India and signed Pakistan captain Inzamam-Ul-Haq as its brand ambassador.\n\n
LGEIL on Thursday launched its LG Super Slim Television, an innovation, which the company said, provided a tangible solution for limited space, especially in metros.
South Korean consumer goods major LG Electronics on Monday said it would increase prices of its home appliances by 3 to 5 per cent due to the fall in rupee.
Consumer electronics company LG Electronics India Ltd on Tuesday signed an agreement with the Maharashtra government to set up its second greenfield facility at Ranjangaon.
LG Electronics India on Tuesday made three movements in its management. The company appointed Moon B Shin as deputy managing director at LG Electronics India.
After clocking $100 million in exports in 2005, LG Electronics India, on Wednesday said it would focus on developing India as a major hub for its exports to Africa, Middle East,
Korean electronics major LG Electronics said it plans to invest Rs 100 crore (Rs 1 billion) in India in the current calendar year, and also come out with an initial public offering for which no timeframe has been set.
LG Electronics India Ltd on Monday said it was targeting about Rs 300 crore (Rs 3 billion) revenues from sale of GSM handsets in Indian market this year.
LG Electronics India Ltd on Friday announced the launch of 'Centrino' range of notebook personal computers in India with a target to sell about 7,200 units in the market this year.\n\n\n\n
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