At present, production and business operations of the Company use foreign currency. Raw materials are mainly imported from abroad with the share accounting for about 75% -80% of COGS. In addition, the company has long-term loans worth USD 24 million investment to expand production plants in the branch fiber Trang Bang - Phase 3 .. However, the company has always maintained the proportion of export sales Exporters (Century Yarn products exported to the proportion of 70%) to have enough foreign currency to buy imported raw materials, repayment of principal and interest of loans in USD. Consequently, exchange rate losses made very low. When Vietnam dong devaluation, the company shall primarily unrealized exchange rate losses related to the revaluation of foreign currency loans at the end of the accounting period at the exchange rates prevailing at that time. Specifically, financial expenses include foreign exchange losses and interest from 2013 to the first 6 months of 2015, the proportion ranged from 0.86% - 3.29% / Net turnover Sales of the Company.
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