NEFAZ finished the first half of the year with a profit

According to the results of the first half of 2020, Neftekamsk Automobile Plant received 319 million rubles of net profit under IFRS against a loss of 756 million rubles a year before. Gross profit reached 886 million rubles against a loss of 539 million rubles for the same period of the previous year. Revenues of NEFAZ reached over 12 million rubles, exceeding the same indicator of the previous year by 56.4%, the press service of the enterprise reported. As noted, the sales of buses and electric buses (8.5 billion rubles, + 79.3%, as well as dump trucks (1.5 billion rubles, + 42.2%) became the drivers of income growth. According to the analytical agency AUTOSTAT sales of passenger vehicles NEFAZ grew by 15% and reached 561 vehicles for six months of 2020.

Among the main actions of NEFAZ aimed at risks reducing and their negative impact – there is the production improving and costs reducing, implementing a set of measures for import substitution, development and launch of new models of equipment on the markets, acceleration of innovation implementation, production of vehicles of ecological class "Euro-5", improvement of reliability and quality of products, promotion of vehicles operating on gas fuel.

At present time Neftekamsk plant produces serially a wide range of buses - city, suburban, intercity, intercity in the northern version, bus with an engine running on methane, bus of increased comfort tour of the historical class, low-floor and semi-low-floor buses, as well as electric buses.