EIH posts robust growth across key enterprises
ADDIS ABABA – Ethiopian Investment Holdings (EIH) has reported solid performance across its portfolio during the past fiscal year, with strong results in energy, engineering, hospitality, logistics, and sugar production.
Following its annual performance dialogue with the Ethiopian Electric Utility (EEU), EIH announced that EEU added 501,588 new customers, pushing its total to 5.2 million. This expansion lifted electricity consumption to 13,405 gigawatt-hours, a 29% rise from the previous year.
EEU generated 51.76 billion Birr in revenue, with provisional net income of 4.6 billion Birr, while maintaining strong liquidity.
The Ethiopian Engineering Corporation (EEC) reported an 81% year-on-year revenue growth to 8.9 billion Birr, exceeding its annual plan by 117%. It executed 111 design projects, 272 supervision and contract administration projects, and 53 construction projects achieving 94.8% physical and 117% financial performance.
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