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Addis Fortune

Ethiopian Shipping & Logistics Total Equity Reaches 24.1 Billion Birr

Ethiopian Shipping and Logistics has reported a significant financial growth in its recent performance figures. According to the released corporate data, the company's total equity has now reached 24.1 billion Birr. Furthermore, the total assets of the enterprise experienced a substantial increase of 26.9 percent, bringing its overall asset value to 81.6 billion Birr. This financial update highlights the state-owned enterprise's expanding asset base and overall balance sheet growth. The figures reflect ongoing operational developments within Ethiopia's primary shipping and logistics service provider. No additional figures regarding revenue or net profit were disclosed in this specific statement.

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