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Publicly traded portfolio investor Pannon-Váltó Rt had Ft 159.8 million after-tax profit in 2004, more than twice the net income posted a year ago, the company said. Although it had a negative operating profit of Ft 72.8 million, Pannon-Váltó's financial transactions yielded Ft 223.2 million, 92.8 million more than in 2003.