NABI cuts 2003 sales forecast to $380 mln

Newswire

BUDAPEST, July 14 (Reuters) - Hungarian busmaker NABI (NABN.BU> cut its consolidated sales plan to $360-380 million for 2003 on Monday, it said in a statement on the Budapest Stock Exchange's www.bet.hu Web site.

NABI spokesman Akos Ersek told Reuters that the company originally expected consolidated revenues to top $400 million.

NABI said in the statement that it cut its forecast because of delays in shipments in its ...

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