EEC Revenue Hits 8.9 Billion Birr, Surpassing Annual Plan by 17%
EEC Revenue Hits 8.9 Billion Birr, Surpassing Annual Plan by 17% The Ethiopian Investment Holdings announced that the Ethiopian Engineering Corporation (EEC) reported 8.9 billion birr in revenue for the 2024/25 fiscal year, exceeding its annual target by 17 percent. The sovereign wealth fund, established in 2022 to manage state enterprises in sectors like telecommunications, […]
EIH Hospitality Firms Post 564 Million Birr Profit
EIH Hospitality Firms Post 564 Million Birr Profit Ethiopian Investment Holdings (EIH) reported that its hospitality subsidiaries recorded a combined profit before tax of 564.2 million birr in the last fiscal year, 37 percent above target. Hilton Hotel was the most profitable, followed by Ghion Hotels Enterprise and Guenet Hotel. Spa Service Enterprise also contributed […]
Four Hotels, Including Hilton, Record 564 Million Birr Profit
Four Hotels, Including Hilton, Record 564 Million Birr Profit Four tourism enterprises under Ethiopian Investment Holdings (EIH), including the landmark Hilton Hotel, reported a combined pre-tax profit of 564.2 million birr in the 2017 Ethiopian fiscal year. This performance exceeded expectations, standing 37 percent higher than the planned profit target. Strong Revenue Performance According to the performance review, the four […]
Sweet Success & Heavy Cargo: EIH Opens Annual Performance Reviews with Big Numbers
Sweet Success & Heavy Cargo: EIH Opens Annual Performance Reviews with Big NumbersEthiopian Investment Holdings (EIH) kicked off its annual performance dialogue this week, and day one packed a double feature: the heavyweight Ethiopian Shipping and Logistics (ESL) and the Ethiopian Sugar Industry Group (ESIG) with its three flagship factories. Together, they set the tone […]