KAMAZ Returned To Profitability

Russia's leading manufacturer of trucks KAMAZ Inc. returned to profitability in the II quarter of 2010. 

This is evidenced by statements of one of its shareholders - the German auto concern Daimler, which is up to the last quarter received from participation in the share of KAMAZ profit of 1 million Euro.

Grouth Potential of Kamaz Shares Is Not Exhausted

In the first half of the trading session today one of the leading gainers were ordinary shares of JSC "KAMAZ". Shares of trucks manufacturer grew in value within 2%. By 13:30 Moscow time KAMAZ shares went up by 2.27%.
Yesterday, on Thursday, the company reported opening of a plant on 25 February in India by a joint India-Russian venture Kamaz-Vectra Motors Ltd. Joint venture (JV) was established on the industrial base of the Indian group of companies Vectra Group, partner of JSC "KAMAZ". 

KAMAZ and India's Vectra Group in 2009 signed a memorandum about the alliance and created a joint venture Kamaz-Vectra Motors Ltd with a design capacity of 5 thousand cars a year. KAMAZ in the joint venture owned 51% shares.
Shares of KAMAZ move on uptrend

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