Russian car maker GAZ has reported first-half net profit of RUB1.5bn (US$49m) compared with a RUB0.5bn net loss a year ago.

The company, controlled by tycoon Oleg Deripaska, also saw revenues rise 39% year-on-year to RUB52.1bn, president Bo Andersson told Reuters.

Go deeper with GlobalData

Go deeper with GlobalData

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

The company earlier forecast full-year 2011 net profit at RUB3bn and revenue at RUB110bn.

Just Auto Excellence Awards - Nominations Closed

Nominations are now closed for the Just Auto Technology Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.

Excellence in Action
Continental has secured the Window Displays Innovation Award in the 2025 Just Auto Excellence Awards for its Window Projection solution, transforming side windows into dynamic, data-rich canvases. Discover how this compact projection technology and intelligent software are reshaping in-car UX and opening fresh revenue streams for OEMs and mobility providers.

Discover the Impact