Public enterprises administered by the Ethiopian Privatization and Public Enterprises Supervisory Agency earned US$8.1 million revenue from exports during the first quarter of the current Ethiopian fiscal year, the Agency said.
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Awash International Bank (AIB) reported on Saturday November 16, 2013, its yearly profit after tax has climbed 11.3 percent to 438.61 million birr, Fortune reported.
The bank also reported earnings per share (EPS) of 456 birr. A year earlier the bank's EPS stood at 469 birr. The decline in EPS is, according to the annual audited report of the Bank– owing to a 28.3 percent increase in its paid-up capital.
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Oromia International Bank (OIB) posted a 71.9 percent rise in annual profit. The bank's profit for the year ended on June 30, 2013 totaled 77.5 million birr, Fortune reported.
The Bank’s return on average equities rose to 17.34 percent from 14.8 percent. The bank also managed to mobilize a total deposit of close to 3.1 billion birr, a 44 percent rise from earlier a year, Fortune reported citing the bank's annual audited report.
Add a comment Add a commentThe Southern Nations Nationalities State Revenues Authority said it has collected over 668 million birr in revenue in the first quarter of this fiscal year, Walta Information Center reported.
Authority Revenue Development and Planning Support Process Owner, Tamiru Teferi, told Walta Information Center, that the revenue was obtained from direct and indirect taxes as well as other income titles.
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Ethiopia earned US$44 million from the export of leather and leather products in the first quarter of the current fiscal year, the Ethiopian Leather Industry Development Institute said.
Institute Corporate Communication Directorate Director, Berhanu Sirjabo, told Walta Information Center, the amount was earned from the export of finished leather, footwear, leather gloves and other leather products.
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