KamAZ Jan-Sept net loss balloons 350 pct to $89.2 mln

Russia’s largest truck maker KamAZ saw its net loss widen 350 percent in January-September 2011 year-on-year to 2.723 billion rubles ($89.2 million), the company said in a statement on Friday. Revenue increased 40 percent in the first nine months of 2011 to 72.682 billion rubles, while the gross margin rose to 4.555 billion rubles from […]