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Russia's KamAZ truck maker posts 7.5% net profit drop in Q1

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KamAZ, Russia's largest truck manufacturer, said on Wednesday its net profit calculated to Russian Accounting Standards fell 7.5% year-on-year in the first quarter to $1.3 billion rubles ($55 million).
MOSCOW, April 30 (RIA Novosti) - KamAZ, Russia's largest truck manufacturer, said on Wednesday its net profit calculated to Russian Accounting Standards fell 7.5% year-on-year in the first quarter to $1.3 billion rubles ($55 million).

KamAZ, based in the Volga Republic of Tatarstan, produces more than 30 models of trucks, as well as trailers, buses, tractors and spare parts. It also manufactures engines, power units, and components.

The company has assembly facilities in Poland, Kazakhstan, Azerbaijan, Ethiopia, Vietnam and Ukraine.

KamAZ heavy-duty trucks have won the Paris-Dakar rally on several occasions.

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