Investment Projects, Business Armenia Haypost Public-Private Partnership | Page 8

Projected Profit / Loss
2016
2017
2018 2019 2020 2021
Gross Profit 7,526 9,622 11,982 15,014 16,849 19,473
Total Operating Expenses 7,019 9,177 10,857 11,986 13,184 14,326
Non-operating Profit (275) (351) (437) (548) (615) (710)
232 94 688 2,480 3,050 4,437
146 19 138 496 610 887
86 75 550 1,984 2,440 3,550
Profit before Tax
Taxes
Net Profit after Tax
Additional Income*
8,698,426 subscribers (fee 280 AMD)
2018 2019 2020 2021 2022
29.2 bln 29.2 bln 29.2 bln 29.2 bln 29.2 bln
* In case of obligation of providing personal invoices to clients in exchange of public
service provision
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