Ethio Telecom Reports Over 16.7 Bln Birr Revenu In Six Months

Ethio telecom announced that it has earned 16.71 billion birr in the first half of this Ethiopian fiscal year (July-December 2018), achieving 80 percent of the target.

According to a statement issued by the Company, its target was to get 20.86 billion birr.

Mobile revenue share accounted for 63%, data, and internet 28.7% and followed by international business 5.5%.
The statement stated earnings before interest, tax, depreciation, and amortization registered for the period is 11.8 billion birr which is 91% of the targeted 13 billion birr.

During the period 4 billion birr tax and 3 birr dividend payment is effected to the government.

The total customer base has reached 41.1 million which is 91.5% achievement from the targeted 44.91 million, while mobile voice subscribers are 39.54 million, data and internet (data & internet only) 426,000 and fixed services 1.14 million. Data and internet users are 19.49 million.

Telecom density has reached 43%, the statement added.

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