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Russian auto maker Severstal-Avto [RTS: SVAV] said on Wednesday
Russian auto maker Severstal-Avto [RTS: SVAV] said on Wednesday its net profit calculated to International Financial Reporting Standards grew 52% year-on-year in 2007 to $102 million.

Severstal-Avto is a holding company that owns automakers including leading Russian jeep and minivan maker UAZ.

Severstal-Avto, a subsidiary of Russia's largest steelmaker Severstal, said its revenue in the reporting period climbed 56% to $1.9 billion, and that earnings before interest, taxes, depreciation and amortization (EBITDA) grew 50% to $242 million.

Earlier this month, the holding adopted the name Sollers as an umbrella brand for the company and its subsidiaries.


Print Russian auto maker Severstal-Avto [RTS: SVAV] said on Wednesday Bookmark Russian auto maker Severstal-Avto [RTS: SVAV] said on Wednesday

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