Ethio telecom has reported its provisional performance results for the first six months of the Ethiopian Fiscal Year (EFY) 2017 for Ethiopian Investment Holdings. The company reported a 7.9% year-on-year increase in subscriptions, a 43% increase in top-line growth rate, and a 55.5% increase in EBITDA margin/rate.
Total revenue for the period reached 61.9 billion birr.
The company’s digital finance platform, telebirr, facilitated 1.03 trillion birr in digital transactions for over 51.5 million users, generating 1.67 billion birr in income.
The performance results were presented during a dialogue with Ethiopian Investment Holdings.
Recommendations were made regarding sustaining momentum, enhancing service quality, optimizing costs, and monitoring global trends in the banking and telecom industries.
