revenue – New Business Ethiopia

State enterprises in Ethiopia generate $1.4 billion revenue

May 21, 2021May 21, 2021BEHAK

The state enterprises of Ethiopia have generated a total of about 59.8 billion Birr (close to $1,4 billion) revenue before tax during the first nine months of the current Ethiopian budget year started July 8, 2020.

Granite Construction gross profit up 166.1% year-over-year

May 7, 2021BEHAK

Granite Construction Incorporated (NYSE: GVA) today announced results for the first quarter ended March 31, 2021 with its gross profit of $63.3 million – up 166.1% year-over-year.

Mesqan, Mareqo clash hampers Butajira’s growth

February 3, 2021February 3, 2021newbusinessethiopianews

The unresolved clash between Mesqan and Mareqo Weredas (districts) over territory has been negatively affecting the revenue collection and growth of the City over the past few years, says Butajira City head of revenue office.

Ethiopia – Addis International Bank profit grows 39 percent

January 11, 2020January 11, 2020newbusinessethiopianews

Addis International Bank, one of the private financial institutions in Ethiopia, has made a gross profit (before tax) of 205.2 million birr (about $6.5 million at the current exchange rate) during the year concluded June 30, 2019.

Ethiopia- Dashen Bank makes $40 million profit

January 9, 2020January 11, 2020newbusinessethiopianews

Compared to the preceding budget year, the gross profit (before tax) of Dashen Bank, one of the biggest private banks in Ethiopia, has increased by 12 percent to about 1.28 billion birr (about $40.2 million at the current exchange rate) during the budget year ended June 30, 2019.

Ethiopia – Lion Bank profit surges 45 percent

January 4, 2020January 4, 2020newbusinessethiopianews

Compared to the preceding budget year performance, annual gross profit (before tax) of Lion International Bank (LIB), one of the local private banks in Ethiopia, for the budget year ended June 30, 2019 surges 45 percent to 695.5 million birr (about $21.9 million at the current exchange rate).

Ethiopia – Oromia International Bank earnings per share drops 29%

January 3, 2020January 11, 2020newbusinessethiopianews

Compared to the proceeding budget year, Earnings per share of Oromia International Bank (OIB), one of the private banks in Ethiopia, has dropped by 29 percent to 374 birr (about $ 11.8 at the currency exchange rate) for par value of 1,000 birr (about $31.5) during the budget year concluded June 30, 2019.

Ethiopian Airlines generates $4.2 billion revenue

October 1, 2019October 1, 2019

Ethiopia Airlines Group generates total revenue of 114.6 billion birr (about $4.2 billion) during the Ethiopia fiscal year concluded July 7, 2019.

Ethio Telcom makes $830 million profit

July 23, 2019July 23, 2019

The only telecommunications service provider in Ethiopia, Ethio Telecom says it has made a total profit of over 24 billion birr (around $830 million) before tax during Ethiopian fiscal year concluded July 07, 2019.