UPDATE 1-NABI's Q1 loss sends shares to 2003 low

Newswire

(Recasts with details, background.) By Sandor Peto BUDAPEST, April 29 (Reuters) - Hungarian busmaker NABI reported on Tuesday a surprise $1.63 million first-quarter pre-tax loss due to factory disruptions and a stronger local currency, sending its shares to a 2003 low. Analysts said they might cut their target prices for NABI's shares and questioned whether the company's announced $1.5 million cost-cutting programme would be enough. The shares traded at 2,730 forints at 1030 GMT, ...

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