Shipping Enterprise Generates 1.7 Bn Birr Profit


Shipping Enterprise Generates 1.7 Bn Birr Profit
Shipping Enterprise Generates 1.7 Bn Birr Profit

The Ethiopian Shipping and Logistics Services Enterprise (ESLSE) has announced a 1.7 billion birr profit in the concluded Ethiopian fiscal year, which ended July 7.

Roba Megersa, Chief Executive Officer (CEO) of the enterprise made the announcement today while briefing local journalists on performance of the enterprise in last year and plans for this fiscal year.

The enterprise transported a total of 4.5 million tonnes of goods last year, of which 2 million tonnes were fertilizer and wheat imported by the nation from different countries, the CEO said.

Foreign exchange shortage, delay in the construction of the 120km road project in Djibouti, congestion at dry ports, administrative and logistics problems were some of the challenges faced by the enterprise, according to Roba.

The enterprise plans to transport 7.7 million tonnes of goods in this Ethiopian fiscal year.

 


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Solomon Yimer

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