Russia's AvtoVAZ RAS net profit 5.6 bln rbls

Newswire

MOSCOW, April 22 (Reuters) - Russia's top automobile producer AvtoVAZ made a 5.6 billion rouble ($202.2 million) net profit in 2004, up from 4.7 billion roubles in 2003, Vice President Mikhail Moskalyov said on Friday. "We are not ashamed of 2004. We have things to boast about," he told reporters. The result was based on Russian accounting standards (RAS). Last year revenue increased to 125.98 billion roubles from 107.38 billion roubles in 2003. Earnings before interest, taxation, ...

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