Tag: Profit

The Public Enterprises Holding and Administration Agency (PEHA) on Thursday disclosed that a total of 23 public enterprises under its supervision have bagged a combined profit of some 52.3 billion birr during the 2018/19 (2011 EC) fiscal year.

Wegagen Bank has become the third private bank in the industry to gross a billion birr profit before tax following Awash and Dashen banks. Wegagen profited 1.05 billion birr before tax.

Oromia International Bank SC (OIB) bagged a record high profit where its profit before tax, as of June 30, 2018 skyrocketed by 140 percent to 938 million birr.

Standing at the tenth year of its establishment, Oromia International Bank registered a record 140 percent growth in its gross profit level bagging 938 million birr in the FY 2017/18.

Zemen Bank SC reported a net profit of 263.8 million birr last fiscal year registering a 30.5 percent increase from the preceding year keeping up with the rate of increment recorded in the 2015/16 report period, which was 32 percent.