IPDC Earns over Two Billion Birr Revenue in Last Fiscal Year

Addis Ababa: Industrial Parks Development Corporation (IPDC) stated that it has obtained more than 2.1 billion Birr in revenue during the just ended 2023/24 Ethiopian fiscal year. The revenue was earned from the rental of production sheds, service land offered to investors, from the apartments used for housing and the rental of buildings and various investor-oriented ways of earning income. It was also revealed that, profit of more than 282 million birr was earned from the income collected in the previous fiscal year, according to the corporation. The industrial parks, Dire Dawa Free Trade Zone, the service of industrial projects as well as various ways of generating additional income have contributed at every level to make the corporation's income and profit performance effective. The corporation is currently evaluating the performance of the 2016 fiscal year in Hawassa City, it was indicated. Source: Ethiopian News Agency