OREANDA-NEWS. March 03, 2011. The Board of Directors of NEFAZ, KAMAZ’s subsidiary, summed up its operating results of 2010.

The enterprise shipped products and rendered services to the tune of 6 billion 461 million roubles (which forms 114.3% to the previous year’s result).

During 2010, it shipped:
6384 units of dumping installations (105.9% to the previous year’s volume);
855 passenger buses (106.9% to the previous year’s volume);
2249 units of cargo trailers (118.8% to the previous year’s volume);
1117 units of bulk cargo tanks (145.8% to the previous year’s volume);
790 crew buses (173.6% to the previous year’s volume);
spare parts, other products and rendered services for 664 million roubles.

The plant has got the following shipment shares on the Russian automobile market:
8.2% on the market of cargo trailers;
40.6% on the market of bulk cargo tanks;
20.1% on the market of large-sized passenger buses.

767 million roubles were added to budgets and non-budgetary funds of all levels.

The enterprise also succeeded in economic efficiency.

Implementation of the NEFAZ Production System program enabled to cut costs for production by 320 million roubles (against 300 million roubles planned).

As a result, the plant managed to break even in 2010 after the crisis and receive net profit of 4.6 million roubles.

EBITDA made 394 million roubles.

A current liquidity ratio exceeded plans (1.06) and formed 1.39 (with a norm of over 1.2). A financial stability index is 0.71 with a norm of about 0.7 in the industry.

The Board of Directors of NEFAZ stated that all indicators of the business plan for 2010 were fulfilled.