Russia AvtoVAZ hopes to double '06 profit -paper


MOSCOW, Dec 18 (Reuters) - Russia's top car maker AvtoVAZ hopes to double its 2006 net profit and keep its market share thanks to joint projects with Canada's Magna and France's Renault , Kommersant business daily reported on Monday. "We expect our net profit under Russian accounting standards (RAS) to double," the paper quoted AvtoVAZ head Vladimir Artyakov as saying in an interview. "At the same time, revenue will only be a bit higher than last year, meaning that the net profit rise ...

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