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Abay Industrial Development S.C sets up Abay Garment Factory in Gonder for 452 million birr
Abay Industrial Development S.C., the economic wing of Amhara Regional State, has set up its fourth manufacturing plant in Gonder town for 452 million Br. Abay Garment Factory, located 500Km north of the capital, rests on four hectares of land with three sheds each covering 4,618Sqm of land. The plant will make polo shirts, T-shirts, trousers, jeans and khaki trousers.
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Zemen Bank Earns 636 million birr gross profit for 2019 / 2018 financial year
Zemen Bank has reported a gross profit 636 million birr for the 2019 / 2018 financial year. The net profit of the bank now stands at 483.7 million birr.
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Best Private Insurance Companies in Ethiopia for 2019 / 2018 f.y
This is a list of the most profitable private insurance companies in Ethiopia as per their annual financial performance of 2019 / 2018 fiscal year.
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Wegagen Bank Earns 735ml br gross profit for 2019 / 2018 f.y, 315ml br less from previous year
Wegagen Bank, one of the few banks who have operated in Ethiopia for more than 20 years has reported that it has earned 735 million birr gross profit for the 2019 / 2018. This profit is 315 million birr less than last year’s result.
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Debub Global Bank Earns 284 million birr gross profit for 2019 / 2018 f.y
Debub Global Bank of Ethiopia has reported a gross profit of 284 million birr which showed more than 90% increase compared to the previous year
The earnings per share(eps) of the bank has increased 147% to 323 birr per ordinary share of birr 1,000.
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