The net profit of Russia's leading truck producer KamAZ amounted to 47.7m rubles (about $1.53m) in the first quarter of 2002 as compared to 278.4m rubles ($8.91m at the current exchange rate) in losses in the first quarter of 2001, the company's report says. The company's sales proceeds dropped 24 percent to 3.425bn rubles (about $110m) in the first quarter of this year and sales profits went down 51 percent to 142.7m rubles ($4.57m). The pre-tax profit of KamAZ reached 247.8m rubles ($7.93m) in the first quarter of 2002 versus the losses of 192.1m rubles (about $6.15m at the current exchange rate) in the corresponding period last year. The volume of repaid profit taxes reached 200m rubles ($6.4m), which was 2.3-fold more than in the first quarter of 2001.
After it turned out that Deputy Prime Minister Andrei Belousov included the Fonbet betting company in the list of backbone enterprises that can count on state support, everyone started talking about these bookmakers.