Jimma August 28/2013 Coffee Plantation Development Enterprise (CPDE) said it has secured over 81 million Birr net profit from export of coffee and other agricultural products during the concluded budget year.
Speaking in a meeting held in Jimma Town, Oromia State on Monday to evaluate the 2005 EC performance report and 2006 EC plan of action, Enterprise General Manager, Ephrem MersiheHazen said the stated amount exceeds the previous year by 64 million Birr.
He said over 34,300 quintals coffee was exported to Belgium, Germany, USA, France, Australia, the Netherlands, Italy and South Africa during the reported period.
He said Enterprise is working hard to export 60,000 quintals coffee during the current fiscal year thereby secure over 380 million Birr.
Established 30 years ago, CPDE is the first modern coffee plantation enterprise which grows, processes and exports coffee.
The Enterprise has also produces maize, cereals and honey.
CPDE is growing coffee and other agricultural products at Limmu Coffee Plantation in Oromia and South Ethiopia Peoples’ State.