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Kamaz posts 1H 2008 Net Profit of $165 million

Kamaz posts 1H 2008 Net Profit of $165 million
Russia’s leading truckmaker, Kamaz, has posted a Net Profit for 1H 2008 of $165 million under IFRS.

The bottom line result is up 34% year on year from the same period 2007.  EBITDA for the half came in at $305 million, up 18% year on year, on the back of Sales Revenue of $2.14 Billion, up 16%.  The company attributed slowing sales growth to easing demand in its largest export market, Kazakhstan, and rising prices for raw materials and components.

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