12 Aug 2009 17:03

Russia's Kamaz posts net losses of 1.6 bln rubles

MOSCOW. Aug 12 (Interfax) - Russian truck maker Kamaz posted net losses of 1.6 billion rubles under Russian accounting standards (RAS) in the first half of 2009 compared to net profit of 2.6 billion rubles in the same period of 2008, the company said in a report.

Sales revenue declined 52.4% to 23.8 billion rubles in the half.