THV: Business operational explanation

Thai Hoa Viet Nam Group JSC (HNX: THV) explained the change of over 10% of Q3.2011 year on year as follows:

- The Company met many financial difficulties because banks tightened credit and, interest was high. Besides, inventories were large but of low quality, and the Company has not negotiated with customers in terms of price and quality criteria. Demand for Robusta coffee decreased sharply in Q3, the input costs of inventories were high, which affected greatly the Company’s revenue.

HNX

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