ARMENIA’S LARGEST TAX PAYERS REPORT 11.3% DECLINE IN SALES IN SEPTEMBER

/ARKA/
November 19, 2009
YEREVAN

YEREVAN, November 19, /ARKA/. According to a monthly study of Armenia’s
largest tax payers conducted by the State Revenue Committee, some
of them reported an 11.3% decline in sales in September 2009 from a
year before.

The companies which earned less from their sales are the Zangezour
Copper and Molybdenum Combine, Pure Metal Factory, Armenian-Canadian
Grand Tobacco venture, the Armenian Copper Program, Mikmetall, the
Armenian Molybdenum Production, the Yerevan Brandy Company and the
Agarak Copper and Molybdenum Plant, whose sales declined by 12.6
billion Drams.

The State Revenue Committee conducts monthly studies among 325 largest
companies to ensure unified tax conditions for all large companies
and improve tax and customs administration. ($1 – 387.41 Drams).