Business Services Industry

SAMSUNG ELECTRONICS REPORTS ITS 1996 CIS SALES REVENUE EXCEEDED $250 MN.

A&G Information Services, August, 1996

A&G Information Services 08-06-1996 SAMSUNG ELECTRONICS REPORTS ITS 1996 CIS SALES REVENUE EXCEEDED $250 MN. - MARKETS - August 6, 1996. St.Petersburg, Russia. The company representatives plan to increase this figure by $600 mn by the end of this year. By 2000 they plan to reach $1 bn level.

According to the estimations of independent research organizations, Samsung Electronic is leading at the Russian market of micro-wave ovens and is one of three biggest TV- sets importers. Samsung attack onto the market of video- cameras is quite noticeable. Over 10,000 cameras have been sold in 1996 and this figure is planned to be tripled by the end of the year. Copyright 1996 A&G Information Services (via Comtex). All rights reserved

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