Bangalore: Consumer electronics and white goods’ giant LG Electronics may fall short of its turnover target this year while its proposed Chennai plant will have to wait for some more time.
LG Electronics Vice-President for sales, Girish Rao, told Business Line that while the festive season saw some extremely good sales, the first half’s poor show will drag down the total turnover for the (calendar) year by at least 11 per cent.
“We may finish the year with turnover of around Rs 8,000 crore instead of the targeted Rs 9,000 crore,” Rao said. But during the festive season, the company was able to achieve sales of around Rs 1,600 crore “which was much more than the targeted sales”.
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