OREANDA-NEWS. May 21, 2007. The net profit of Russia's leading carmaker AVTOVAZ under Russian Accounting Standards (RAS) remained at the level of 2006 and amounted to RUR645m (approx. USD24,95m) in the first quarter of 2007, the company's documents state

Revenue dropped 12,68 percent to RUR28,436 (approx. USD1,1bn) and profit slid 1,94 percent to RUR3,330bn (approx. USD129m). Sales profit eased 0,59 percent to RUR2,183bn (approx. USD84m) and pretax profit went down 7,09 percent to RUR1,272bn (approx. USD49m).