Russian automaker GAZ posted a net profit of 2.868 billion roubles in January–September on its component operations.
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The profit on its components activity compares with a 161.4 million rouble net loss in the same period last year.
Prime-Tass reported that the results were calculated under Russian Accounting Standards (RAS) and that GAZ attributed the profit to a change in the value of its subsidiaries’ fixed assets.
GAZ is part of oligarch Oleg Deripaska’s business empire.
