Ethiopian Shipping and Logistics (ESL) has made notable progress in the first four months, surpassing its profit and cargo targets.

ESL reported a profit of Birr 2.266 billion in services and other income, exceeding the planned target by 102% and showing a 51% increase compared to the same period last year. Furthermore, its revenue collection remained on track, reaching Birr 15.7 billion, which exceeded the planned Birr 11.52 billion by 16.6% compared to the previous year.

ESL's cargo movement also experienced growth, with over one million tons of dry cargo transported by sea, reflecting a 4.4% increase year-on-year. This includes 614,376 tons of non-containerized cargo and 498,182 tons in containers.

Moreover, ESL demonstrated proficiency in multimodal transport, surpassing their goal by shipping 39,373 TEU containers against a planned 34,830, indicating a 27.4% increase compared to the same period last year.

Source: The Ethiopian Herald