Rába reports on losses in Q3 2019, imputes unfavourable exhange rates
The Rába Group has reported on a group-level loss of more than HUF 429 million in the third quarter of 2019, a significant drop from the HUF 7 million recorded last year.
In the third quarter, the Győr-based vehicle and parts manufactuer's net losses increased by 32.7 percent year on year to HUF 425 million.
The company pointed out that the operating losses in Q3 were mostly accounted for by a HUF 388 million net loss resulting from unfavourable exchange rates.
