2merkato

The Bank of Abyssinia (BoA), reported a 21.8 percent rise in gross profit for the 2012/13 fiscal year, Capital reported. The bank’s financial report indicated that BoA earned 351.5 million birr during the reporting period, according to Capital.

BoA’s net profit after tax in the past fiscal year stood at 264.7 million birr . The bank profited 215.7 million birr in the 2011/12 fiscal year.

Petram PLC introduced Sales Data Collector (SDC), a new device that helps taxpayers store data without paper and sends end-of-day report (Z-report) automatically to the Ethiopian Revenue and Customs Authority.

The device is developed by BMC International, a Japanese company that helped the Ethiopian government launch its fiscal cash register program.

Over 1,600 km rural road was constructed in Oromia State through the Universal Rural Road Access Program (URRAP) during the first quarter of the current fiscal year, the state roads authority said.

During a meeting held in Adama Town on Friday, the Authority's Deputy General Manager Abdo Geleta said the State has made meaningful progress in expanding rural roads.

The Ethiopian Ministry of Industry announced, more than US$135 million has been earned from the manufacturing sector in the first quarter of the current fiscal year.

Ministry Communications Corporate Directorate Director, Melaku Taye, told Walta Information Center, that the stated amount was secured from the exports of textile and garment, leather and leather products, meat and dairy products as well as food, beverage and pharmaceutical products.