Truck giant KaMAZ basks in Russia's economic boom

Newswire

By Dmitry Solovyov MOSCOW, Dec 6 (Reuters) - Russia's largest truck maker KaMAZ said on Wednesday it expected its 2006 net profit to grow five-fold and fast output growth to continue in the coming years while the oil-rich nation enjoys an economic boom. "This year was a successful one indeed," KaMAZ Director General Sergei Kogogin told a news conference. "Strong domestic demand for our trucks is fuelled by fast economic growth." "This year ... we forecast a net profit of 1.5 billion ...

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