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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.

The 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.

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.

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.

Amhara State has earned over 192.3 million birr revenue from tourism during the first quarter of the current fiscal year, Ethiopian News Agency reported citing the state culture, tourism and parks bureau.

Simeneh Anteneh, public relation expert with the bureau, told Ethiopian News Agency that the state earned the revenue from 1.3 million tourists who visited tourist attractions in the state.

Berhan International Bank S.C, announced 52.29 million birr profit, a 55.21 percent growth for 2012/13 fiscal year, Fortune reported.

The bank announced during its annual assembly on Saturday, November 9, 2013, that its total assets increased by 71 percent to 2.197 billion birr in the reporting period.

Lion International Bank saw a 47.6 percent rise in yearly profit after tax to 111.29 million birr, partly as a result of growth in income earned from service charges and commissions, Fortune reported.

The bank's earning from service charges and commission fees grew from 45.03 million birr to 61.21 million birr, while gains from foreign exchange dealings only increased by 4.9 percent to 27.86 million birr.