Truck maker Kamaz reports 28.5% rise in Q1 sales

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KAZAN, April 12 (RIA Novosti) - Russia's largest truck producer, Kamaz (RTS ticker KMAZ), said Wednesday its first-quarter sales had risen 28.5% quarter on quarter to 7,578 trucks.

The company also sold 9,012 engines and power units, spare parts for trucks worth 1.57 billion rubles (about $56 mln) and diversification products worth 1.02 billion rubles (about $36 mln).

Overall, Kamaz sold products to consumers worth 10.5 billion rubles (about $379 mln) in January-March 2006, an increase of 19.8% against the same period in 2004.

Kamaz also leased 20% more vehicles in the reporting period.

In March 2006, Kamaz sold 3,183 trucks, up 31.2% year on year and the best figure for the start of the year in the past 13 years, the company said.

Kamaz said it had sold 500 more vehicles in March than it had planned due to the expansion of its sales on the domestic market. The company said it exported every fourth or fifth vehicle, depending on seasonal fluctuations.

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