Top 10 largest companies | 2022

largest companies

  • In 2022, Zangezur CMC was the largest company in Armenia by revenue, with AMD 258 billion.
  • In 2022, the total revenue of the 10 largest companies was around AMD 1.49 trillion, 10.7% more than in 2021.
  • 9 out of 10 companies recorded a net profit of around AMD 307 billion. The only exception was Geo Promining Gold.
  • In 2022, the simple average of return on equity of this 10 companies was 29.1%, the median was 27.2%.

It is noteworthy that in the case of individual companies, transactions with related parties may not be expressed in real prices, which may have a significant impact on the evaluation of the company's performance.