AvtoVAZ Reports IFRS Net Profit Of $82.7Mln In 9 Months Of 2018

Russia's AvtoVAZ net profit by International Financial Reporting Standards has amounted to almost 5.4 billion rubles ($82.7 million) in the first nine months of 2018, compared to a 4.5 billion rubles deficit last year, the company said in a report published on Monday.

MOSCOW (UrduPoint News / Sputnik - 22nd October, 2018) Russia's AvtoVAZ net profit by International Financial Reporting Standards has amounted to almost 5.4 billion rubles ($82.7 million) in the first nine months of 2018, compared to a 4.5 billion rubles deficit last year, the company said in a report published on Monday.

The profit of the shareholders of the parent company amounted to 5.26 billion rubles compared to a 4.54 billion rubles deficit in 2017.

The company's income amounted to 198.7 billion rubles, which is a 25 percent increase year-on-year.