Russian truckmaker Kamaz reaps rewards from efficiency drive

Newswire

MOSCOW, Sept 25 (Reuters) - Russia's largest truckmaker Kamaz said it is reaping the benefits from an efficiency drive it launched late last year after reporting a surge in first-half net profits on Tuesday. Kamaz, in which Germany's Daimler has a minority stake, said net profit soared to 2.7 billion roubles ($86.7 million) from 154 million a year ago mainly due to lower interest expenses and better control of its costs. The company launched its efficiency drive ...

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