Source Pravda.Ru

AvtoVAZ's 2002 net profit plummets

Russia's largest carmaker AvtoVAZ has reported a dramatic 1350-percent drop in its 2002 IAS net profit that amounted to RUR1.091bn (about $35.91m). In the reported period, the company's gross margin totaled RUR18.2bn ($599m) against RUR24bn ($789.9m) in 2001. The operating profit reduced from RUR8.7bn ($286.34m) to RUR5.9bn ($194.19m). AvtoVAZ net earnings were RUR119.4bn ($3.93bn), down by RUR10.5bn ($345.56m) from the corresponding figures of 2001.

© &to=http://www.rbcnews.com' target=_blank>RBC

World's most powerful nuclear submarines, Arkhangelsk and Severstal, are to be dismantled after 2020 - their further exploitation is unprofitable

Russia gets rid of world’s most powerful nuclear submarines

The United States' Head of Diplomacy, or Secretary of State, is an anachronistic, incompetent, meddling, intrusive, insolent and arrogant, rude individual, a brash, foul-mouthed upstart, a conceited, self-important guttersnipe and an insult to the international community, as fit for the job as a pedophile janitor in a grade school.

Tillerson must go!