NewzThe Ethiopian Shipping and Logistics Services Enterprise (ESLSE) reported a sixfold increase in net profit for the fiscal year ending June 30, 2025, reaching 36 billion ETB. This financial growth is primarily attributed to the recent floating of the national currency. Despite the record earnings, auditors have raised concerns regarding financial discrepancies within the enterprise's accounts.
In addition to the financial results, the enterprise incurred a cost of 523 million ETB related to the demolition of a G+6 building. This expenditure was necessitated by the ongoing Addis Ababa corridor development project, which has impacted the enterprise's infrastructure assets.
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