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.
In response to the unlawful December 1 arrest and detention of Chinese tech giant Huawei's chief financial officer Sabrina Meng Wanzhou by Canadian authorities in Vancouver at the behest of the Trump regime, facing possible unacceptable extradition to the US, Beijing warned its high-tech personnel last month against traveling to America unless it's essential.
Rescuers found the pilot of one of the two Su-34 fighters that had collided in midair in the Far East on January 18