icon bookmark-bicon bookmarkicon cameraicon checkicon chevron downicon chevron lefticon chevron righticon chevron upicon closeicon v-compressicon downloadicon editicon v-expandicon fbicon fileicon filtericon flag ruicon full chevron downicon full chevron lefticon full chevron righticon full chevron upicon gpicon insicon mailicon moveicon-musicicon mutedicon nomutedicon okicon v-pauseicon v-playicon searchicon shareicon sign inicon sign upicon stepbackicon stepforicon swipe downicon tagicon tagsicon tgicon trashicon twicon vkicon yticon wticon fm

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.

Dear readers and commenters,

We have implemented a new engine for our comment section. We hope the transition goes smoothly for all of you. Unfortunately, the comments made before the change have been lost due to a technical problem. We are working on restoring them, and hoping to see you fill up the comment section with new ones. You should still be able to log in to comment using your social-media profiles, but if you signed up under an RT profile before, you are invited to create a new profile with the new commenting system.

Sorry for the inconvenience, and looking forward to your future comments,

RT Team.