Yerevan Brandy Company output grew by 9,4% to total 2mln 842 thous. liters in 2010-2011 fiscal year, according to Company CEO.

As Ara Grigoryan told a news conference in Yerevan, despite the progress shown, the 2010-2011 output falls behind that of pre-crisis year 2007 by 11-12%, with 24% drop in income reported.

The CEO explained the situation by reduced product prices and investments made.