Net profit of "KAMAZ" in the first half of 2012 amounted to 2.734 billion rubles, according to the official
As explained in the press release, the profit growth was impacted by increase in sales on the domestic market, launching programs to improve efficiency, and bringing to market new models.
Proceeds of "KAMAZ" in the first six months of 2012 increased 28 percent to 56.513 billion rubles. Operating profit for the same period reached 4.2 billion rubles compared billion rubles in the first half of 2011. Debt load group compared with the beginning of 2012 dropped by 5.8 billion to 17.2 billion rubles.
Following the publication of the financial statements for the half-year campaign "KamAZ" on the Moscow Stock Exchange
The main shareholder of "KAMAZ" is a state corporation "Russian Technologies" with a share of 49.9 percent. Another 27.3 percent of the securities automaker controlled investment company "Troika Dialog", 15 per cent — the German company Daimler (together with the European Bank for Reconstruction and Development).
Financial performance you can see here:
Compared with the level at the beginning of 2012, the debt load KAMAZ Group decreased by 5.8 billion rubles., The level of financial debt amounted to 17.2 billion rubles. (31.12.2011 — 23.0 billion rubles.), And the level of net debt amounted to 9.7 billion rubles. (31.12.2011 — 11.8 billion rubles.). As a result, the ratio of net debt to EBITDA ratio decreased to 0.8 times pre-crisis levels.
Reducing debt repayment due on term loans are mainly the following banks: Sberbank — 4.7 billion rubles., Ak Bars Bank — 1.5 billion rubles., VTB — 1.2 billion rubles. As of the current date of "KAMAZ" fully paid off on borrowings during the crisis under the state guarantee. Reducing the size of the loan portfolio made possible by obtaining a positive cash flow from operating activities in the amount of 5.7 billion rubles., Which was a natural consequence of improving the profitability of the business and the tight control of working capital.