Ethiopian Shipping and Logistics Celebrates 61 Years with 182.3% Profit Boom
Ethiopian Shipping and Logistics (ESL) is celebrating its 61st anniversary with a stellar mid-year performance, achieving a 99.4% year-on-year revenue growth. In the first half of the 2024/2025 Ethiopian fiscal year, ESL transported 2.9 million tons of cargo, while profit before tax soared by an impressive 182.3%.
Amid rising competition in the sector, Ethiopian Investment Holdings (EIH) leadership, during their mid-year performance review, underscored the need for ESL to enhance efficiency, expand services, and adopt an integrated strategy to sustain its market position.
Ethiopian Business Review
