Russia’s Kamaz IFRS net loss widens to 1.93 bln rbl in Jan–Jun

MOSCOW, Aug 29 (PRIME) -- The net loss of major Russian truck producer Kamaz almost tripled on the year to 1.93 billion rubles in January–June, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement on Monday.

Higher prices for metals, components, as well as the ruble dynamics increased prime cost of products in January–June, Kamaz said.

Revenue increased 34% to 47.222 billion rubles.

(64.7380 rubles – U.S. $1)

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