KEMMCOM Media and Communications

Ethio-Telecom announces foreign exchange loss of birr 31 billion

By: myles
Published On: June 26, 2023

Ethio-Telecom announced it has faced a foreign exchange loss of birr 31 billion over the last five years, sources said.

Company Chief Financial Officer, Asegid Ayele said that though the company’s profit has reached from 12 percent to 22 percent during the past five years, the inflation and foreign exchange loss have become its challenges.