PWH shows slump in turnover in first half-year

The Swiss tropical timber group Precious Woods Holding AG (PWH), based in Zug, has had to put up with a drop in turnover by more than one-third to US$24.2m (Jan.-June 2011: 36.7m). The company attributes this plunge in turnover primarily to external logistics and internal technical problems facing the Gabon location ...

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