According to news wire MTI, revenue fell 15% to HUF 14.5 bln as group members faced “substantial declines” in demand in their key markets, Rába said.
Gross profit edged up 3% to HUF 2.9 bln, boosted by earlier measures to adjust sales prices, improve labor force management, optimise inventories and capacity, and keep purchase prices under control, it added.
Operating profit declined 98% to HUF 10 mln.
The bottom line was lifted by a net financial gain of HUF 166 mln, compared to a net loss of HUF 568 mln in the base period.
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