OREANDA-NEWS. "KAMAZ" published accounting statements for the first half of 2015 according to RAS.

Despite the decline in revenue by more than a third compared with the same period of the last year (more than 30 billion in the 1st half of 2015, over 46 billion - in the 1st half of 2014), the net income increased almost 15-fold, from 11 million to 161.6 million rubles. The total decline in the Russian truck market for the first six months of this year was more than 60 percent.

According to Deputy General Director of JSC "KAMAZ", the CFO Andrei Maximov, despite the unprecedented drop in truck market, the positive indicators of "KAMAZ" were achieved by implementing programs to improve business performance, due to the profit from financial investments in the authorized capitals of subsidiaries, sale of unused assets, and received grants for reimbursement of the interest on loans.