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Wednesday, 29 December 2010

LG sets ambitious sales goal for 2011

12-29-2010 13:56 BJT

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South Korea's LG Group is aiming for record sales of about 136 billion US dollars next year with its key electronics units expected to contribute to over two-thirds of revenue. The figure is an 11 percent increase from this year's sales of over 120 billion US dollars.

If you remember back about a week ago, LG said it would spend nearly 70 percent of a record 18 billion US dollars in planned investments for next year in electronics. Keep in mind though, a significant part of the spending will go into turning around its money-losing mobile phone business. The group also wants to step into new growth areas in consumer electronics... such as tablets and advanced flat panel displays.

Editor:Xiong Qu |Source: CNTV.CN

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