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Ethio Telecom Generates 215.8 Billion Birr Revenue
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New Business Ethiopia
Ethio Telecom generated 215.8 Billion birr revenue says Ethio Telecom CEO Frehiwot Tamiru, who gave a statement today regarding the company’s performance during the 2018 Ethiopian fiscal year.
She stated that Ethio Telecom generated 215.8 billion birr in revenue during the year, achieving 99.7 percent of its planned target.
The CEO noted that Telebirr processed 2.61 billion transactions worth 4.19 trillion birr during the fiscal year alone.
In addition, Ethio Telecom has transitioned into a public share company and carried out its first public share registration on the Ethiopian Securities Exchange.
CEO Frehiwot Tamiru further explained that the company continued strengthening its contribution to the national economy by paying 73.5 billion birr in taxes during the fiscal year.