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Gas Supplier To Make Little Less Than $4 Million In Profit

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  • Gas Supplier To Make Little Less Than $4 Million In Profit

    GAS SUPPLIER TO MAKE LITTLE LESS THAN $4 MILLION IN PROFIT

    Panorama.am
    15:53 31/10/06

    Karen Karapetyan, general director of Hayrusgazard closed joint stock
    company, supplier of gas in Armenia, said 84 % of area is supplied
    with gas as against 22.2% in 2001. Karapetyan said the population
    saves $160-180 million by using gas instead of electricity whereas
    the users of gas instead of petroleum save $100 million.

    Karapetyan said the company owns $283 million capital and has
    made $83 million investment in the course of last 5 years. By the
    end of this year, the company will have $ 3 million 750,000 in
    profit.
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