Bloomberg News

KamAZ Jumps for 4th Day After Swinging to Profit in First Half

October 10, 2011

Oct. 10 (Bloomberg) -- OAO Kamaz climbed for a fourth day after the Russian truck producer, partly owned by Daimler AG, swung to profit in the first half as sales surged 39 percent.

The shares surged as much as 5 percent and last traded 2.24 percent higher at 43.32 rubles by 11:57 a.m. in Moscow.

Net income in the period attributable to shareholders was 154 million rubles ($4.81 million), versus a loss of 252 million rubles, KamAZ said in a statement today. Revenue rose to 44.2 billion rubles from 31.9 billion rubles in the same period last year.

--Editors: Chris Peterson, Gavin Serkin

To contact the reporter on this story: Jason Corcoran at Jcorcoran13@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net


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