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YEREVAN BRANDY CO PLANS TO UP GRAPE HARVEST 14% IN 2012
Interfax
Sept 10 2012
Russia
CJSC Yerevan Brandy Company, the largest alcoholic beverages producer
in Armenia, plans to buy 24,000 tonnes of grape in 2012, up 14.2%
on 2011, Ara Grigoryan, the company's executive director, told the
press Friday.
Agreements have already been signed with farmers to buy this volume
and the buying begins on September 10.
The company plans to sign 9-year agreements with the farmers.
In the first year such agreements will make up a third of the total.
"This will allow farmers to deal not just with current problems but
also to plan ahead, to develop vineyards and obtain greater harvests
from them. Long-term contracts will also allow them to make agreements
with banks on develop loans," he said.
The Yerevan Brandy Compnay obtained net profit of 5.01 billion dram
in the 2011-2012 financial year (July 2011 - June 2012), double its
net profit the previous year.
Sales climbed 33% and exports rose more than 30%.
In the reported financial period, brandy exports went up 30% to
3.4 million liters. Sales on the domestic market rose 41.5% to 1.5
million liters.
Interest in the Ararat Brandy brand grew in the reported year,
expanding the range of countries where the brandy was sold to
countries such as Greece, Israel, Slovenia, Sweden, Switzerland and
Uzbekistan. Sales also increase in Europe and in the traditional
markets of Russia and Ukraine.
Yerevan Brandy Company is Armenia's largest producer and exporter of
brandy. The company is owned by French group Pernod Ricard.
Interfax
Sept 10 2012
Russia
CJSC Yerevan Brandy Company, the largest alcoholic beverages producer
in Armenia, plans to buy 24,000 tonnes of grape in 2012, up 14.2%
on 2011, Ara Grigoryan, the company's executive director, told the
press Friday.
Agreements have already been signed with farmers to buy this volume
and the buying begins on September 10.
The company plans to sign 9-year agreements with the farmers.
In the first year such agreements will make up a third of the total.
"This will allow farmers to deal not just with current problems but
also to plan ahead, to develop vineyards and obtain greater harvests
from them. Long-term contracts will also allow them to make agreements
with banks on develop loans," he said.
The Yerevan Brandy Compnay obtained net profit of 5.01 billion dram
in the 2011-2012 financial year (July 2011 - June 2012), double its
net profit the previous year.
Sales climbed 33% and exports rose more than 30%.
In the reported financial period, brandy exports went up 30% to
3.4 million liters. Sales on the domestic market rose 41.5% to 1.5
million liters.
Interest in the Ararat Brandy brand grew in the reported year,
expanding the range of countries where the brandy was sold to
countries such as Greece, Israel, Slovenia, Sweden, Switzerland and
Uzbekistan. Sales also increase in Europe and in the traditional
markets of Russia and Ukraine.
Yerevan Brandy Company is Armenia's largest producer and exporter of
brandy. The company is owned by French group Pernod Ricard.