MOSCOW, August 13 (RIA Novosti) - Russia's largest truck producer KamAZ announced on Thursday net losses according to Russian Accounting Standards of 1.62 billion rubles ($50 million) in January-June 2009.
KamAZ, based in the Volga Republic of Tatarstan, posted a net profit of 2.63 billion rubles ($82 million) in the same period last year.
KamAZ produces more than 30 models of trucks, as well as trailers, buses, tractors and spare parts. It also manufactures engines, power units, and components.
The company has assembly facilities in Poland, Kazakhstan, Azerbaijan, Ethiopia, Vietnam and Ukraine.
KamAZ heavy-duty trucks have won the Paris-Dakar rally on several occasions.
