Reuters (Moscow) - Russia's largest car maker Gaz Group owned by billionaire Oleg Deripaska, earned 2.1 billion roubles ($74.34 million) in net profit in 2010, the company's President Bo Andersson told Reuters on Tuesday.
Revenue for the year rose 47 percent compared to 2009 to 96.7 billion roubles, he said.
"The main factor in the group's successful financial results and the driver behind revenue growth was the launch of the new GAZelle Business vehicle," he said.
Gaz, which was close to bankruptcy before a government bailout in 2009, hasn't reported financial results since 2007.
