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AvtoVAZ Announced 2 Billion Rubles Net Profit in the First Half Year
12.08.2011 12:09
AvtoVAZ Announced 2 Billion Rubles Net Profit in the First Half Year
Lada Kalina

AvtoVAZ posted a 2 billion ruble ($70 million) net profit to Russian Accounting Standards in the first half of 2011, after a 724 million ruble loss in the same period last year, AvtoVAZ said on Thursday.

The company's first-half revenues rose 41 percent to 82.865 billion rubles, up from 58.762 billion rubles the year before, AvtoVAZ said in a statement.

The car maker's gross profit in the first six months of the year soared almost 200 percent to 12.197 billion rubles up from a 4.165 billion ruble gross profit in the same period last year.

Author: Irina Fomina

Tags: Russian companies Russian business profit cars  

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