Spanish train maker Talgo said Tuesday its net profit more than quadrupled to 10.4 million euros ($11.20 million) in the first quarter, boosted by strong revenues and a record order book.

A year ago, it posted a net profit of 2.4 million euros, dented by supply chain disruptions and rising finance costs.

In March, the Hungarian consortium Ganz-Mavag launched a €619 million ($677 million) takeover bid for Talgo shares.

(1 dollar = 0.9283 euros)

(Reporting by Matteo Allievi, editing by Andrei Khalip; edited in Spanish by Tomás Cobos)