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Pannonplast still in the red

As a result of a 1% improvement on the previous year, plastics manufacturer Pannonplast Rt posted Ft 26.5 billion in sales in 2004, while its losses totaled Ft 1.8 billion. Q4 saw revenues decline 14% from 2003's Ft 7.5 billion to Ft 6.5 billion, while losses shrank 30% yr/yr to Ft 820 million. Pannonplast laid off 457 employees last year.