Raba Reports Loss In Q309

News: Hungarian auto parts maker Raba has registered a third consecutive net loss in Q309. The axle maker's sales have plunged by 42.3% year-on-year (y-o-y) in the third quarter to HUF7.11bn (US$40mn) and by 43.9% y-o-y in the first nine months of the year to HUF25.4bn (US$142.8mn). The sales decline has led to the supplier posting a net loss of HUF4bn (US$22.5mn) in the nine- month period.

To read the full article, please sign in or take a free trial.