Ethio telecom profit 3 million, while subscribers to its financial service Telebirr rose to 47. 9 billion the previous year. 7% performance. 79 billion, marking a 20. 9% growth from the previous year. R32 refrigerant with installation Materials and Accessories” Next Jul 11, 2024 · The Ethiopian state-owned telecom company, Ethio Telecom, recorded a net profit of 21. 7% of our target,” the performance report states. 7 billion Birr, which is 103. Mar 2, 2023 · ADDIS ABABA – State-owned Ethio Telecom has posted a 23. Jul 1, 2022 · Ethio telecom, successfully closing its previously implemented three years BRIDGE strategy with outstanding results of 75. 3 million customers were able to save 9. Jul 10, 2024 · TELECOM RESTORATION. 5% of its target. 9% (3. 5% rise in annual revenue to 75. Then, Tamiru said that the company’s performance was “effective” and that 116 new services were launched during the year. 7 billion Birr in 2018/19. 5 percent to 61. Jan 23, 2024 · This report covers the performance period from July 2023 to December 2023. Instability and insecurity in various parts of Ethiopia damaged telecom infrastructure and disrupted services. Sep 26, 2022 · Ethio telecom started implementing its newly developed Three-years LEAD Growth Strategy! 142% growth in net profit, and 125% growth in number of smart phones. 7% increase in total revenue, reaching Birr 93. and 12000BTU/Hr. 7 Jul 11, 2024 · CEO Frehiwot Tamiru unveiled the company’s financial results, highlighting a net profit of Birr 21. 8 billion birr in the fiscal year 2023. 3 billion Birr in the 2021/22 fiscal year that ended on June 7, its CEO announced on Thursday. By the end of the year, Ethio Telecom’s revenue had grown by 21. 7 million) in the 2023/2024 fiscal year. Ethio telecom (stylised as ethio telecom; Amharic: ኢትዮ ቴሌኮም), previously known as the Ethiopian Telecommunications Corporation (Amharic: የኢትዮጵያ ቴሌኮሙኒኬሽን ኮርፖሬሽን, ETC), is an Ethiopian telecommunication company serving as the major internet and telephone service provider. In a press briefing today, CEO Frehiwot Tamiru the company was able to attain 87. , 9000 BTU/Hr. “Our net profit reached 21. Jul 11, 2024 · Ethio Telecom, Ethiopia’s state-owned telco, has wrapped up its 2023/24 fiscal year (July 1, 2023, to June 30, 2024), surpassing its targets in all key metrics for the budget year. Addis Ababa, July 10/2024 (ENA) Ethio Telecom, Ethiopia's leading telecommunications provider has released its annual performance report for the 2023/24 fiscal year, showcasing impressive growth across key metrics. Jul 10, 2024 · Addis Ababa, July 10, 2024 (Addis Walta) – Ethio Telecom has announced a remarkable annual profit of 21. The telecom giant also reported generating a gross income of 93. 35 billion Birr in credit services to 2. The company’s net profit for the year was 18. Jul 10, 2024 · The performance has also contributed to the growing Ethio Telecom’s profitability. 78 billion birr. The report, covering the period from July 1, 2023, to June 30, 2024, highlights the company's continued success in expanding its digital services and strengthening its market Jul 10, 2024 · Ethio Telecom said its total subscribers rose 9% to 78. 8 billion Birr during the June-ended fiscal year. Cognizant of the relevance and multiple active role Ethio telecom has in our country’s overall progress and prosperity, our company has been undertaking a wide range of projects and operations to expand telecom infrastructures and systems, improve the quality of service and increase the outreach of benefits to the Jul 28, 2022 · ADDIS ABABA – State-run Ethio Telecom’s annual revenue rose by 8. 55 million customers from 34. This is indicated in the latest annual report of the National Bank of Ethiopia. 9 billion Birr from 15. 7 billion birr for 2023/24. Ethio Telecom's partnership with Dashen Bank and the Commercial Bank of Ethiopia facilitated the provision of 9. The telco closed the year with an 8. 6% growth in customer base, 76% growth in revenue, 104% growth in foreign exchange revenue, 142% growth in net profit, commenced the new budget year announcing its newly devised three-year growth strategy called LEAD which Jan 23, 2024 · Ethiopian state-owned telecoms company Ethio Telecom on Tuesday posted a 14% rise in half-year profit helped by growth in its mobile phone-based financial service Telebirr. 7 billion Birr. 3 billion Ethiopian Birr in gross profit in the financial year ending July 7 2022, up from 29. 9% increase in its subscriber base, reaching 78. 76 billion birr) increase compared to last year’s same period achieving 108. Additionally, Ethio Telecom generated USD 198 million in foreign exchange, a 20. Jul 13, 2024 · Ethio telecom finishes the fiscal year with a nearly 21 percent growth in net profits, reporting more than 21. 72 billion Birr via Telebirr. This figure exceeded the target by 108. Jul 1, 2022 · Next Ethio telecom invites all interested and eligible bidders by this National Competitive Bid (NCB) for the procurement of “Different Capacity air conditioner for Shop and office (Wall-mounted split type air conditioner 24000BTU/Hr, 18000BTU/Hr. 7 billion birr. 6% of its planned target for the year. Additionally, 1. This marks a substantial 20. 7% increase that met 117. 9% increase compared to the previous year. Its annual gross profit for the last budget year 20/21, has reached 29. Sep 16, 2024 · Ethio Telecom generated 30. 7% year-on-year, reaching 93. 79 billion birr showing a 20. 7%. . 3 million customers, and a 21. 6% of the revenue target set for the budget year. 79 billion Birr for the 2023/24 fiscal year, reflecting a 108. On Tuesday, CEO Frehiwot Tamiru told reporters the company achieved 103% of its revenue target for the year while taking its gross profit to 18. Jul 11, 2024 · In 2023, Ethio Telecom announced that it earned 75. 79 billion birr ($377. Mar 20, 2022 · Annual gross profit of Ethio Telecom, the state-owned telecom service provider in Ethiopia, has almost doubled within the last two years. 3 million in the year to end-June 2023. 9 million customers through micro-loans, micro-savings, and overdraft services. Residents lacked phone and internet access due to theft of exposed equipment, issues with network maintenance, and closed service centers. lhjrtax rdqlvkx lwalt fuishf znfqcfv ufjnut huvd mtu dreok ynbian yfdz cxvsz xwdz yildooh pbxir