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12/10/2018
14:30
AvtoVAZ starts production of LADA XRAY Cross

The batch production of LADA XRAY Cross, the flagship model of the XRAY family, started on October 11, Rostec informed.

According to AvtoVAZ's press service, the design of LADA XRAY Cross involved a whole range of road and laboratory tests, including reliability, safety, road stability, behavior, climatic comfort tests and check for compliance with the regulatory requirements applicable in Russia.

PJSC AvtoVAZ (tax number: 6320002223) is a leader in the automotive industry in Russia. Its production capacities ensure the annual output of over 800 thousand automobiles.

In 2017, AVTOVAZ's sales increased by 17% year-on-year to 311,588 automobiles. In Q1 2018, the company improved sales by 28.8% year-on-year to 79,114 LADA cars.

IFRS net profit of AvtoVAZ Group for H1 2018 was RUB 3.099 billion against a loss of RUB 4.413 billion in H1 2017. Revenue increased by 31.48% to RUB 134.746 billion from RUB 102.485 billion, operating profit was RUB 7.625 billion against a loss of RUB 194 million for the same period in 2017, pre-tax profit amounted to RUB 4.127 billion against a loss of RUB 4.242 billion.

According to AK&M Information Agency's DataCapital information retrieval system, RAS net profit of PJSC AvtoVAZ for H1 2018 was RUB 486 million against a loss of RUB 6.597 billion in H1 2017. Revenue increased by 34.41% to RUB 140.01 billion from RUB 104.164 billion, sales profit was RUB 3.643 billion against a loss of RUB 1.894 billion for the same period in 2017, pre-tax profit amounted to RUB 1.033 billion against a loss of RUB 7.283 billion.

"AK&M", 11.10.2018 17:42

 

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