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Russian carmaker GAZ posts 20% rise in IFRS net income in 2007

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MOSCOW, June 25 (RIA Novosti) - GAZ Group [RTS: GAZA] said on Wednesday its net income calculated to International Financial Reporting Standards increased 20% year on year in 2007 to 7.2 billion rubles ($305 million).

GAZ, which exports cars to 35 countries, said revenues in the reporting period climbed 27% to 152.8 billion rubles ($6.5 billion).

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