Rába's parts manufacturing division reports on record losses in H1 2020
Fotó: Facebook/RabaCsoport
The Rába Group has reported on massive, 30.5 percent drop in its consolidated turnover in the first half of the year to HUF 19.2 billion, and registered a HUF 7.4 billion loss (down 43 percent) in the second quarter compared to the same period in the previous year, the Győr-based manufacturer announced earlier this week on the website of the Budapest Stock Exchange (BÉT).
Rába registered a net loss of HUF 1.9 billion in the first half of 2020 from the HUF 854 million in profits recorded in same period in the previous year.
In Q2 2020, the company’s losses amounted to HUF 1.05 billion.
