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Ethio Telecom Q1 revenue falls 12% short of target because of conflict

Wednesday 17 November 2021 | 10:09 CET | News
Ethio Telecom lost ETB 1.9 billion in revenue due to the conflict in the northern part of the country and as a result, its revenue for Q1 of the 2021/22 Ethiopian fiscal year fell 12 percent short of its planned ETB 15.4 billion, reports The Reporter. Gross profit amounted to ETB 5.9 billion, which is ETB 1.1 billion beyond its plan for the quarter. Its foreign currency revenue plan from international services stood at 90 percent of the USD 34 million targets.

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Categories: Mobile & Wireless
Companies: Ethio Telecom / Safaricom
Countries: Ethiopia
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