28 Apr 2014 18:59

Kamaz 2013 IFRS net profit plummets 25% to 4.356 bln rubles

MOSCOW. April 28 (Interfax) - Kamaz had net profit of 4.356 billion rubles to International Financial Reporting Standards (IFRS) in 2013, 25.1% less than in 2012, the truck maker said in a report.

Sales revenue fell 3.54% to 114.317 billion rubles.

Revenue from truck sales fell 3% to 79.892 billion rubles, revenue from spare parts sales grew 16% to 17.023 billion rubles and revenue from bus and other sales fell 16.4% to 8.905 billion rubles.

Long-term liabilities fell 12.1% to 13.677 billion rubles, including loans - 10.451 billion rubles, down 10.2%. Short-term liabilities grew 18.8% to 28.912 billion rubles, including loans - up 50% to 6.067 billion

Kamaz sold 43,800 automobiles in 2013.