Autostat. – KAMAZ has made a net profit of more than 279 million by the end of the first three quarters of 2016, according to Russian Accounting Standards.
Despite the overall situation of the Russian economy, KAMAZ has increased its revenue from sales by more than 25% within the aforementioned period, having sold 21,499 automobiles (+23%). As a result, the company has made a net profit of 279.4 million rubles, in contrast with the 2 billion rubles loss during the same period of the previous year, as stated by KAMAZ press office. The gross profit has more than doubled, to 4.9 billion rubles, by means of complex measures taken, in order to improve efficiency.
As previously announced by Autostat, KAMAZ has sold 21,499 vehicles within the January-September period, which indicates a 23% year-on-year increase. 18,149 of the automobiles have been sold in Russia, up by 32% in comparison with the same period of 2015.