MOSCOW, July 21 (RIA Novosti) - Russia's largest truck producer KamAZ announced on Tuesday net profits under Russian Accounting Standards of 54.96 million rubles ($1.8 million) in April-June 2009.
KamAZ, based in the Volga Republic of Tatarstan, posted a loss of 1.68 billion rubles ($54 million) in the first quarter of this year.
KamAZ attributed its positive financial result in the second quarter of this year to asset revaluation resulting from exchange rate differences.
KamAZ 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.
