Mirc CEO Sees 20% Revenue Growth Dec 14, 2005

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Indian consumer appliances producer Mirc Electronics Ltd. (Mumbai) forecasts profit and revenue growth of 20 percent this fiscal year, according to CEO Gulu Mirchandani in a Reuters report. Mirchandani made the comments to the media during a manufacturing conference.

Mirc's consolidated net profit was 318.20 million rupees (approx. U.S. $6.96 million) on revenue of 11.09 billion rupees (approx. U.S. $242.88 million) in the fiscal year that ended March 2005.

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