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Tag: loss

Electric networks of Armenia unprofitable in 2012: CEO

Electric Networks of Armenia operated at a loss in 2012, the company’s general director Yevgeniy Bibin told reporters Friday

Armenian Central Bank’s 3Q losses hike 3.5%, equity capital down 30.5%

Equity capital of Armenia’s Central Bank downed 30.5% throughout the third quarter to 8.7 billion drams as of 30 September versus 12.6 billion drams at the second quarter, according to the CB 3 Q financial stability report

Armenian insurers lost AMD 688.3 mln in I quarter

Net loss of Armenian insurance companies is over 688.3 million drams in the first quarter of 2012 against net income of 1.2 billion drams in the first quarter of a year earlier