KAMAZ Profit Growing Significantly
OREANDA-NEWS. Net profit of KAMAZ in January-September according to RAS (Russian Accounting Standard) went up to 6,23 billion rubles, the KAMAZ press service reports. Net income of KAMAZ Inc. in the third quarter of 2007 according to RAS amounted to 2,14 billion rubles. That is by 19,7% less than for the second quarter of this year - 2,67 billion rubles. Over the first quarter the enterprise received profit at the rate of 1,42 billion rubles, according to RAS. Thus, for January-September of this year net profit of KAMAZ is 6,23 billion rubles, that is by 29 times more than for 9 months of the previous year - 215,47 million rubles.
Sales volume of KAMAZ in January-September increased by 25,7% up to 60,95 billion rubles in comparison with the analogous period of the previous year. Production volume of trucks grew by 24,1% to 38,093 thousand, production volume of engines and power units - by 22,5%, to 46,108 thousand units.
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