Raba Q1 net swings to profit on one-offs


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 ...

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