Earnings before interest, taxes, depreciation and amortisation (EBITDA) at GAZ Group rose to 5.727bn rubles in January-June from 3.931bn rubles in the same period last year, the company said.

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H1 sales revenue rose to 45.864bn rubles from 38.868bn, as calculated under International Financial Reporting Standards (IFRS), the group said on Wednesday, according to Prime-Tass.


However, group car sales fell 6% year on year to 24,169 units while truck sales rose 25% to 11,175 units.


GAZ Group was created last year after the consolidation of some of the production assets of Russia’s major automobile holding RusPromAuto, around GAZ.

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