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Optimistic Outlook for Richter Gedeon

25 June 1997

The price-to-earnings ratio of Richter Gedeon of Hungary is higher thanthat of any central European competitor and is only slightly lower than that of the world's leading drug producers. The firm's share price on the Budapest Stock Exchange has increased sixfold in the past 18 months, reports MTI Econews, and Hungarian business analysts have produced optimistic forecasts for RG over the past few weeks.

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