Companies / Russia
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AvtoVAZ Stages Comeback
November 2006 | Company Finance AlertSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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The Russian automotive dinosaur AvtoVAZ is roaring again, with a 15% y-o-y surge in income to RUB111bn (US$4.16bn) in the first nine months of 2006. Net income grew by 40% to RUB5bn (US$187.4mn) during the period. This represents a turn-around from the 75% drop in net income to RUB1.4bn in