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Rába fails to deliver pleasant surprise

Rába Rt boosted its revenue by 44.3% year-on-year to Ft 10.6% billion in Q1, however the company made a Ft 1.5 loss nevertheless. Operating profit came to Ft 983 million, which compares with Ft 1.8 billion a year earlier, and the negative balance of financial transactions totaled Ft 631 million. The management approved a mid-term strategy, submitted by CEO István Pintér, who was recently appointed to head the company for the second time.