The Board of Directors of Commercial Nominees has conducted an in-depth review of the company’s nine-month performance for the 2018 fiscal year. During the session, the Board provided strategic directions on priority activities to be carried out in the remaining months of the fiscal year.
The Board noted that the company’s revenue and profit performance over the past nine months has been encouraging. It also emphasized the need to sustain and strengthen performance by expanding revenue streams, introducing new products and services to the market, reducing costs, and maximizing the efficient use of existing resources to generate additional income.
Furthermore, the Board highlighted the importance of reducing reliance on a limited number of income-generating services.
According to the performance review, Commercial Nominees generated over 4.8 billion birr in revenue during the nine-month period, achieving 98.3% of its target. In the same period, the company recorded more than 615 million birr in profit before tax, exceeding 100% of its planned target.