...

Kazakh car plant sharply ups profits

Business Materials 1 November 2013 17:46 (UTC +04:00)
Kazakh Azia Avto car plant increased its net profit to 6.115 billion tenge (154.23 tenge = $1) in January-September 2013 compared to 2.709 billion tenge in the same period of 2012

Azerbaijan, Baku, Nov 1 / Trend, E. Kosolapova/

Kazakh Azia Avto car plant increased its net profit to 6.115 billion tenge (154.23 tenge = $1) in January-September 2013 compared to 2.709 billion tenge in the same period of 2012, Novosti-Kazakhstan reported with reference to the company's consolidated financial statement.

The company's revenue doubled and hit 62.1 billion tenge in the reporting period; its gross profit increased by 2.3 times to 16.5 billion tenge.

In January-September Azia Avto car plant produced 21,151 vehicles (2 times increase) or 84 percent of all the cars produced in Kazakhstan. Company sales in this period almost doubled and reached 19,219 cars.

Azia Avto car plant located in Kazakh city of Ust-Kamenogorsk was founded in 2002 and it is the largest car producer in Kazakhstan. Such world leading corporations as Volkswagen Group, General Motors, Renault-Nissan-AvtoVAZ and KIA Motors are among the factory's partners.

Tags:
Latest

Latest