Russia's Severstal-Avto H1 net profit rises

Newswire

MOSCOW, Sept 29 (Reuters) - Russian holding Severstal-Avto said on Friday its first-half net profit rose to $25 million from $23 million a year ago. The company, which controls off-road vehicle maker UAZ and the Zavolzhsk engine plant , said its revenues audited to international accounting standards rose to $538 million from $396 million. Earnings before interest, taxes, depreciation and amortisation (EBITDA) rose to $72 million from $52 million. Italian car maker Fiat has said it ...

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