TRI: Explanation for business result in Q3/2011
Sai Gon Beverages JSC (HOSE: TRI) gave reasons causing the loss in Quarter 3/2011:
- Because of effect of weather and disasters, TRIBECO had to push promotion programs in order to ensure income and production in Quarter 3/2011. Therefore, net revenue went down
- To reinforce sales team, TRIBECO recruited another sales leaders with high salary levels. So, salary expense rose and caused the loss in Quarter 3/2011
- Because of increase in material and fuel prices, production cost and transport expense went up.
HOSE
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