Kamaz made a profit of 3.3 billion rubles within the nine months of 2012

Kamaz made a profit of 3.3 billion rubles within the nine months of 2012

RusAutoNews.Com – Kamaz has declared the net profit for Jan.-Sept. 2012 period as 3.927 billion rubles, as reported by the company press office. The company suffered a loss of 2.723 billion rubles in the same period of the previous year. The total 9 months turnover of the company is 82.901 billion rubles, on the other hand.

The profit made by Daimler, who holds 11% shares, from this partnership within the first nine months of the year has reached €20 million. By the end of the same period of the previous year, the amount of loss suffered by the company due to the partnership was €25 million. Daimler has made a profit of €8 million from the JV in the third period alone. (Last year’s loss: €20 million.) On the other hand, the Daimler’s investment in Kamaz has increased by 18%, rising from €139 million to €164 million.

Tags: Daimler, Kamaz