OREANDA-NEWS. The Board of Directors of OJSC “AVTOVAZ” has heard the information on results of the production activity of the company for nine months of this year.

The net profit increased by 41% and made 5 billion roubles as compared to the same period of the last year. The sales proceeds from production, goods and services made 111,9 billion roubles, or 16%  more than last year. In total, there were 574 thousand vehicles sold and thus, the last year’s parameter is exceeded by 45 thousand vehicles. The profitability of sales made 8.9% (in 2005 – 7,5%). Losses from lacks and stealing are reduced in three times.

It was noted at the Board that positive parameters of production activity of the enterprise are reached due to the measures on reformation of the management system of OJSC “AVTOVAZ”, including the sales/purchase system and introduction of new technological processes.