NABI Q1 operating loss doubles to $2.8 mln

Newswire

BUDAPEST, May 14 (Reuters) - Hungarian busmaker NABI doubled its operating loss in the first quarter of 2004 to $2.8 million, the company said on Friday.

NABI sold 284 buses in the quarter, a slight improvement over the 277 units sold in Q1 2003, but significantly below the 350 units sold in Q1 2002.

NABI said its order books now contained over 3,100 units until the end of 2006, worth a total $1.13 billion.

The company said the weaker operating performance was ...

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