Shipping enterprise grosses 5.37 bln br in six months

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Addis Ababa, February 22 (WIC) – Ethiopian Shipping & Logistics Services Enterprise (ESLSE) grossed 5.37 billion birr during the first half of the budget year, the state owned enterprise disclosed.

Osman Ali, the enterprise’s corporate communication services head, said 503.8 million birr is registered as net profit during the period.

The half budget year performance met 99 percent of the projection for the period which stood at 5.41 billion birr, Osman told WIC.

ESLSE, the only company engaged in sea freight activity in the country, transported over 1.5 million tons of goods during the period, Osman said.

The revenues also include income generated from stevedoring (loading and unloading of goods) and shore handling services.

Compared to the same period last budget year, the gross revenue generated during the six months showed a growth of 1.7 million birr, Osman told WIC.