NABI swings to $1.63 mln Q1 loss

Newswire

BUDAPEST, April 29 (Reuters) - Hungarian busmaker NABI posted a $1.63 million pre-tax loss in the first quarter against a $2.3 million profit a year ago due to slower deliveries to the United States and Britain, the company said on Tuesday. Overall sales fell to $72.45 million from $91 million and the number of delivered buses dropped to 248 from 350. But spare parts sales rose to $13 million from $10.1 million. NABI also said that at the end of March it had orders or options for the ...

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