Putin wishes success to Thailand's new kingRussian Politics & Diplomacy December 03, 21:08
Five gunmen killed in counterterrorism operation in Russia’s Dagestan - sourceWorld December 03, 21:07
Ukraine depends on coal from Donbass republics - deputy ministerWorld December 03, 19:32
Putin to be given gift of Akita-Inu puppy during his visit to JapanWorld December 03, 19:29
Azerbaijan’s security officers kill attempted suicide bomber in BakuWorld December 03, 18:04
Lavrov: first step under 1956 declaration on peace treaty is signing of itRussian Politics & Diplomacy December 03, 14:47
Bank of Russia disclaims reports hackers steal 2B rubles from its correspondent accountsBusiness & Economy December 03, 14:42
Moscow sees nothing new in Congress banning cooperation between military of two countriesRussian Politics & Diplomacy December 03, 14:41
Lavrov: joint projects with Japan to bring relations to new levelRussian Politics & Diplomacy December 03, 12:29
MOSCOW, January 14 (Itar-Tass) - The profit of the largest Russian truck producer OJSC KAMAZ from 2013 sales will be 3.6 billion roubles, said the company’s CEO Sergey Kogogin.
“The company’s sales in 2013 amounted to 110 billion rubles. Of course, the profit will be smaller. We cannot name exact numbers yet, but we expect to get a net profit of 3.6 billion roubles”, he told the meeting with Russia’s Prime Minister Dmitry Medvedev.
He was referring to the company’s profit only, regardless the non-consolidated profit from joint ventures, which amounted to 40 billion rubles in 2012 and was a little higher in 2013. “We aim for a profit of around 1.2 billion from joint ventures”, said Kogogin, stressing that the company diversified production, raised funds and shared investment risks with their partners, the world’s most successful automobile company Daimler in particular.
“More than 2,000 Mercedez-Benz trucks have been produced in Russia already”, added Kogonin.