9 Jul 2015 14:58

Avtovaz finishes first half 'without profit' - Andersson

SAMARA. July 9 (Interfax) - Avtovaz finished the first half of 2015 without a profit, Alexei Agureev, advisor to company President Bo Andersson, said on his blog, citing Andersson's comments at a meeting with employees on Wednesday.

Avtovaz swung to an RAS net profit of 796 million rubles in Q1 2015 from a loss of 2.938 billion rubles in the same period last year. Revenue in the three months rose 5.1% year-on-year to 47.811 billion rubles.