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Financial Positioning
The paid up capital of the Company has reached Birr 56,000,000. Also, the annual budget of the Company is on a steady growth and it is hoped that with the new directions and priorities outlined above, it will triple in a couple of years.
As we go through this period of expansion, we will be guided by the basic principles for sound financial management. Key among these is that YENCOMAD will maintain a balanced operating budget – operating expenses will not exceed operating revenues.
In addition, investments will be closely monitored, and adjustments will be
made as necessary.