TOTAL PROFIT OF COMPANIES OF RA MINISTRY OF TRANSPORT AND<br /> COMMUNICATION MAKES 758.9 MILLION DRAMS IN 2006<br />


TOTAL PROFIT OF COMPANIES OF RA MINISTRY OF TRANSPORT AND
COMMUNICATION MAKES 758.9 MILLION DRAMS IN 2006

  • 23-01-2007 19:50:00   | Armenia  |  Economy
YEREVAN, JANUARY 23, NOYAN TAPAN. In 2006, the companies of the RA Ministry of Transport and Communication received revenues of 14 bln 367.8 mln drams (about 50 mln USD) against 12 bln 923.5 mln drams in the previous year (a 12.2% growth). The Armenian Railway company accounted for 10 bln 900 mln drams of the indicated sum, the road construction companies - 457.7 mln drams and the companies of the communication sector - for 2 bln 465.9 mln drams. According to the report submitted to the Armenian prime minister on January 23, almost all companies of the ministry operated at a profit which made 758.9 mln drams. By the report, social conditions of the sector's employees improved to some extent - their average monthly salary increased by 36% to 61,220 drams. Last year, road construction and operation work of 10 bln 757.6 mln drams was done on 40 road sections of the total length of 228 km. Besides, 22 bridges were repaired, including 3 bridges on interstate roads, 3 - on republican ones and 16 bridges on roads of local importance. Fulfilment of state budgetary obligations improved as well. The companies paid taxes of a total of 2 bln 412.2 mln drams to the state budget in 2006 compared with 1 bln 734.1 mln drams in the previous year.
  -   Economy