ESLSE garners 5.64 billion Birr pre-tax profit

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The Ethiopian Shipping and Logistics Services Enterprise (ESLSE) reported a gross profit of 5.64 billion Birr during the 2021/22 fiscal year ended on July 8, 2022.

ESLSE also secured an income of 51.4 billion Birr in the stated period.

“The income is the highest one and ESLSE’s total capital has reached over 64.85 billion Birr,” Roba Megersa, CEO of the Enterprise said in a presser this week.

ESLSE transported over 7.2 million tons of import-export goods, which is 102% of the plan, according to Roba.

The Enterprise transported over 1.28 metric ton of fertilizer through shipping vessels and vehicles, a deed Roba claims as a big success of ESLSE.

The coronavirus pandemic slumped trade activities across ports, created shortage of containers, boost shipping costs and disturbed trade balance. “The negative impacts of the Covid-19 pandemic showed a remarkable effect at China ports, where 60% of Ethiopia’s import goods come from,” he said.

Lack of security in Ethiopia also posed a huge challenge on the movement of consignments, he said.

On the other hand, Roba mentioned about the successes of some projects. Completion of delayed constructions of capital projects such as Modjo Port Terminal and Dire Dawa Terminal are among the achievements of the enterprise.

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