The state-owned Development Bank of Ethiopia has generated a gross profit (before tax) of 3.9 billion Birr year last budget…
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Ethio Telecom profit doubles in two years
Annual gross profit of Ethio Telecom, the state-owned telecom service provider in Ethiopia, has almost doubled within the last two…
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Ethiopian Airlines Group abroad investment update
Ethiopian Airlines Group, which is 100 percent owned by the Government of Ethiopia, has investments in four African airlines and…
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Awash Bank of Ethiopia tops private banks in profit, deposit
During the budget year concluded June 30, 2021, Awash Bank of Ethiopia has become the top private financial institutions in…
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Granite Construction gross profit up 166.1% year-over-year
Granite Construction Incorporated (NYSE: GVA) today announced results for the first quarter ended March 31, 2021 with its gross profit…
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Zemen Bank profit surpasses one billion Birr
Compared with the preceding year, the annual gross profit of Zemen Bank Share Company, one of the 16 private banks…
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Hibret Bank of Ethiopia profits grows 15 percent
Compared with the previous financial year annual gross profit of Hibret Bank, one of the sixteen active private banks in…
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Ethio Telecom harvests $670 million profit in six months
Ethio Telecom, the fully state owned telecom monopoly in Ethiopia, has ‘harvested’ 22 billion birr (about $670 million at the…
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Ethiopia – Addis International Bank profit grows 39 percent
Addis International Bank, one of the private financial institutions in Ethiopia, has made a gross profit (before tax) of 205.2…
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Ethiopia- Dashen Bank makes $40 million profit
Compared to the preceding budget year, the gross profit (before tax) of Dashen Bank, one of the biggest private banks…
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Ethiopia – Abay Bank profit grows 63 percent
During the budget year concluded June 30, 2029, the annual profit before tax of Abay Bank Share Company, one of…
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Ethiopia – Oromia Insurance Company profit up 14 percent
During the budget year concluded June 30, 2019, Oromia Insurance Company (OIC) has registered a gross profit (before tax) of…
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