KAMAZ has published its RAS financial statements for the first three quarters of 2021.
According to the performance in the reporting period, the company’s revenue increased from 128 billion 375 million rubles to 169 billion 091 million rubles as compared to the corresponding period in 2020. The net income of KAMAZ for the first nine months of this year increased from 2 billion 183 million rubles to 3 billion 301 million rubles as compared to the first three quarters of the previous year.
“The company continues developing a line of trucks and cars, implementing investment projects, mastering new equipment and advanced production technologies. The KAMAZ-54901 freight truck from the K5 generation is still selling well. In general, there is a strong demand for our products. As before, CNG and LNG vehicles, cars, as well as KAMAZ electric buses are highly desirable in the market. These and other factors influenced financial results. The revenue and net profit of KAMAZ PTC increased greatly as compared to the same period last year,” commented Sergey Kogogin, General Director of KAMAZ PTC.