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KAMAZ targets 3.6 billion-rouble profit from 2013 sales

January 14, 2014, 17:31 UTC+3 14
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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.

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