AvtoKrAZ Increases Output By 6.9% mom In October To 353 Trucks.
15 November 2008
The company (KRAZ: BUY) saw a yoy increase of 68.7% in January-October to 2,971 automobiles. Concorde Capital: The truck-maker is likely to produce ~10% less automobiles than the 4,150 we initially projected. The large Iraqi contract AvtoKrAZ was expecting to receive still has not materialized, but the company is making it up by replacing the Iraqi deliveries with higher than expected exports to Vietnam and the CIS.
