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MIDROC Ethiopia Announces 1.3 Billion Birr Profit

Written by Meron Tekleberhan Friday, 14 October 2011 10:58

Ethiopian Business News - Latest Business Alerts

The MIDROC Ethiopia Technology Group announced more than 1.3 Billion birr in profits the past fiscal year, on Sunday.

The group has been able to achieve such tremendous success because of the dedication of its employees said Sheikh Mohammed Hussein Ali Al Amoudi Chairperson of MIDROC. The MIDROC Group will support national efforts towards growth and development by creating new companies and expansion he added.

The solid coordination between employees and administration has been essential to the success according to Dr. Arega Yirdaw Chief Executive of the MIDROC Group.

The profit was announced at the ninth annual MIDROC family day celebrated at the Millennium Hall. The event is intended to build team unity and to allow experience sharing among the employees of the nineteen companies that make up the MIDROC Group according to Dr. Arega.

Awards were presented to managers and employees that have made exceptional contributions at Sunday’s ceremony.

Employees of the MIDROC Group companies also announced a decision to contribute a total of 12 million birr from their salaries to buy bonds for the Great Renaissance Dam.  

Source: Ethiopian Herald