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.
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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.
