Interfax reported that German Daimler AG posted a loss of EUR 27 million on its 11% stake in Russian truck maker Kamaz in 2010 down from a loss of EUR 51 million in 2009.

Kamaz generated EUR 1.731 billion in revenue for Daimler in 2010 up from EUR 960 million in 2009.

Daimler accounting for Kamaz includes the first nine months of 2010 and the fourth quarter of 2009 for 2010 and the first nine months of 2009 only for 2009.

Ms Yelena Milinova head of corporate finance and liaison with state authorities said Kamaz plans to publish IFRS results for 2010 in June.

She said "Daimler only included the first nine months of 2009 for 2009 since it purchased the Kamaz stake in the final days of 2008, so the fourth quarter of that year is not included."

(Sourced from Interfax)