Shares “Kama Kaza” took off in price by 40 percent (up to 132.1 rubles per piece, which is the maximum since July 2008) during the bidding on the Moscow Stock Exchange.
By the time of writing news, securities cost 123.2 rubles per piece. Their growth was celebrated against the backdrop of the publication of financial results for the first half of the year, which the company presented on August 27. In particular, the profit during this period amounted to 3.9 billion rubles compared to 32 million a year earlier, the revenue approached 119 billion.
Shares also grow on the news that the Russian authorities will allocate more than one billion rubles for the modernization of production and updating the model range of Kamaz trucks. Such an order has already signed the Prime Minister Mikhail Mishoustin.
In early August, “KAMAZ” reported that he suspended the release of trucks from 9 to 22 August due to planned corporate leave. Basically, assembly and part of the auxiliary industries went on vacation.