Teetering on the edge of bankruptcy, AvtoVAZ expects its net loss to broaden to RUB30.7bn rubles in 2009 from RUB6.6bn in 2008, as calculated under Russian Accounting Standards (RAS), according to an internal report.
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AvtoVAZ’ sales revenue is projected at RUB88.726bn rubles in 2009, while its operating loss is expected to total RUB9.113bn and its output is projected at 340,432 vehicles, the company said in documents obtained by Prime-Tass.
