MOSCOW, January 12. /TASS/. Net profit of Kamaz under International Financial Reporting Standards (IFRS) doubled in the first half of 2023 year-on-year to 13.5 bln rubles ($150 mln), the Russian car manufacturer reported.

Revenue rose by 25.2% in the reporting period to 166.8 bln rubles ($1.8 bln).

EBITDA went up by 35% in 1H 2023 year-on-year to 20.9 bln rubles ($233 mln).

Kamaz is the largest Russian manufacturer of trucks and is one of the world’s twenty leading manufacturers. The company produces trucks, trailers, buses, engines and power units.