Ethio Telecom, the state-owned telecom provider in Ethiopia, announced on Tuesday that it earned 75.8 billion birr in the fiscal year 2023. The company’s net profit for the year was 18.78 billion birr.

The CEO of Ethio Telecom, Frehiwot Tamru, said that the company’s performance in 2023 was “effective” and that 116 new services were launched during the year. She also said that the company’s income in 2023 was 101% of the planned income and that it had increased by 23.5% compared to the 2022 budget.

Frehiwot attributed the company’s strong performance to the implementation of its “Lead” strategy, which was launched in 2022. The strategy aims to make Ethio Telecom a leading telecom provider in Africa.

Key points:

• Ethio Telecom earned 75.8 billion birr in 2015.
• The company’s net profit was 18.78 billion birr.
• The company’s income increased by 23.5% compared to 2014.
• The company’s “Lead” strategy was a key factor in its strong performance.