Raba Q1 net swings to profit on one-offs

Newswire

BUDAPEST, April 28 (Reuters) - Hungarian automotive group Raba posted a 2.73 billion forints ($13 million) first-quarter net profit against a 2.07 billion forint loss in Q1 2003, but the improvement was due to one-off financial items. Raba said on Wednesday in its earnings report that the improvement was due to exchange rate gains on forex hedge deals and further gains related to the revaluation of some assets. "Raba draws the attention of the investors that should exchange rates and ...

Premium Content (PAID Subscription Required)

"Raba Q1 net swings to profit on one-offs" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:

  All of WardsAuto's reliable, in-depth industry reporting and analysis
  Hundreds of downloadable data tables including:
  •   Global sales and production data by country
  •   U.S. model-line inventory data
  •   Engine and equipment installation rates
  •   WardsAuto's North America Plant by Platform forecast
  •   Product Cycle chart
  •   Interrelationships among major OEMs
  •   Medium- and heavy-duty truck volumes
   •  Historical data and much more!


For WardsAuto.com pricing and subscription information please contact
Amber McLincha by email: amclincha@wardsauto.com or phone: (248) 799-2622
 

Current subscribers, please login or CLICK for support information.

Already registered? here.

Sponsored Introduction Continue on to (or wait seconds) ×