Ethiopia: Ethio Telecom Generates Over 160 Billion Birr Revenue This Ethiopian Fiscal Year

Ethiopia: Ethio Telecom Generates Over 160 Billion Birr Revenue This Ethiopian Fiscal Year

Addis Ababa, -- Ethio telecom announced that it has generated 162 billion Birr in total revenue during the just-ended Ethiopian fiscal year, achieving 99 percent of its annual plan.

Ethio Telecom's full-year pretax profit up more than 80%

Ethiopia's state-owned Ethio Telecom reported sharply higher annual profit on Thursday, driven by an expansion of its network and more customers.

Ethio Telecom’s Revenue Up 72.9% to 162 Billion Birr – Ethiopian Monitor

Ethio Telecom on Thursday posted strong results for the 2024/25 fiscal year, beating its profit target and recording a 72.9 percent increase in revenue. The provisional report was announced by CEO of the telecom giant Frehiwot Tamiru, and says the performance “demonstrates strong revenue growth and profitability”. Per the report, Ethio Telecom’s gross profit (or Earnings Before Interest, Taxes, Depreciation, and Amortization) rose 84% from a yea…