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Portfolio Kft boosts stake in Pannon-Flax to 5.73%

Portfolio Kft increased its direct stake in textile maker Pannon-Flax to 5.73%, with    the purchase of a 1.92% stake on February 16, Portfolio Kft announced in capital  market gazette Magyar T?kepiac on Monday.

Pannon-Flax shares are traded in category B of the Budapest Stock Exchange. Pannon-Flax had net profits of Ft 26m in 2005 compared to losses of Ft 125m in 2004, according to preliminary figures. Consolidated net sales increased 13.4% to Ft 3.763bn in 2005.