Contact Us

Home> International News> News detail

Russian carmaker GAZ doubles 2006 net profit

From Reuters| June 07,2007

Russian automaker GAZ almost doubled its 2006 net profit to 6.0 billion roubles ($232.2 million) from 3.1 billion roubles in 2005, the company said today.

GAZ, owned by tycoon Oleg Deripaska, said revenues rose to 118.8 billion roubles from 94.5 billion in 2005. Earnings before interest, tax, amortization and depreciation (EBITDA) rose to 9.4 billion roubles from 5.9 billion.

GAZ, based in the Nizhni Novgorod region, is best known for its tiny Gazelle trucks loved by small businessmen and Volga sedans, which were once assigned to drive mid-level Soviet bureaucrats but have since lost this niche to Mercedes cars.

All Rights Reserved. Do not reproduce, copy and use the editorial content without permission. Contact us: autonews@gasgoo.com.

Hot Auto Products| e-Catalog| Auto Products Directory| Auto Parts Manufacturers|

Gasgoo Site: Automotive News| 中文站| 汽车资讯| 出口供应商| 汽车社区|

Copyright Notice © 2016 Gasgoo.com Corporation and its licensors. All rights reserved.