Africa’s leading airline recorded a jump of 90% in net profit to $937 million during the 2021/22 financial year, while total revenue surged 79% to $5 billion, said Mamo Mihretu, chief executive of the holding company.
“Profit grew by 90% … despite the headwinds of worsening global economic outlook, rising fuel cost, global pandemic,” Mihretu added on Twitter late on Tuesday.
Ethiopian Investment Holdings is the umbrella company for state-run corporations.
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