Economy

Ethio Telecom Projects ETB 127B Operating Profit and ETB 43B in Dividends for 2019 EFY

The Reporter · 6 hours ago · Read the Full Story on The Reporter

AI SUMMARY

Ethio telecom has unveiled its 2019 Ethiopian Fiscal Year business plan, projecting ETB 295 billion in revenue, ETB 127 billion in operating profit, and ETB 43.1 billion in dividend disbursements.

Ethio telecom projected to disburse ETB 43.1 billion in dividends to the government and public shareholders.
The enterprise anticipates direct and indirect tax contributions totaling ETB 83.8 billion.
An allocation of ETB 8.1 billion is carved out for the National Disaster Risk Response Fund, driven by a mandatory 5 percent levy on airtime and data sales.
The annual business plan for the 2019 Ethiopian Fiscal Year marks Year II of the Next Horizon: Digital & Beyond 2028 strategy.
Total annual revenue is targeted at ETB 295 billion, representing a 36.7 percent growth compared to the previous fiscal year.
Digital and adjacent business streams are projected to contribute ETB 77.45 billion, accounting for 26.3 percent of total revenue.
Cost optimization and operational synergies target a total efficiency gain of ETB 10.87 billion.
EBITDA is expected to reach ETB 154.4 billion at a 52 percent margin, alongside an operating profit of roughly ETB 127 billion and a 22 percent net profit margin.
International business, infrastructure-sharing ventures, and international money transfer services are projected to generate USD 253.7 million in foreign currency earnings.
Cross-border regional fiber deployment through Kenya has reached 25 percent completion to connect 20 percent of the 68 zonal administrations.
The national backbone fiber footprint is expanding from 23,442 km to 25,642 km using Horizon Fiber.
International Gateway and cache capacity is scaling from 4.3 Tbps to 5.2 Tbps by integrating major global content delivery networks including Google, Meta, Netflix, Cloudflare, and CDN77.
Total customer base is targeted to grow by 6.7 percent to reach 96.2 million subscribers, with mobile voice users at 92.3 million, mobile data users at 60.01 million, and fixed broadband subscribers at 1.26 million.
Overall telecom penetration is projected to reach 82.1 percent, supported by the supply of over 2.6 million connectivity devices.
Telebirr active users are projected to reach 67.69 million, with 4.99 billion transactions amounting to ETB 7.4 trillion in transaction value.
Digital microcredit is planned to grow to ETB 35.04 billion and digital savings targets are set at ETB 26.42 billion.

Read the Full Story on The Reporter

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