Ethiopian Shipping Lines announced it has earned an income of 13.06 billion birr in the first quarter of the current fiscal year.
IESL generated 13.06 billion birr in income while incurring operational and administrative costs of 11.12 billion birr. As a result, the company secured a profit before tax of 1.937 billion birr for the first quarter.
In the previous fiscal year, the state-owned enterprise earned 6 billion birr in profits before tax.
