Maroc Telecom’s profit up 10%, raises 2005 forecasts

12 Sep 2005

Morocco’s incumbent telco Maroc Telecom today raised its financial forecast for 2005 after posting a 10% increase in first-half net profit. It reported net income of MAD2.637 billion in the six-month period, up from MAD2.397 billion a year previously. Telecom said that it expected revenues to rise by 12% to 14% and operating profit to grow by 10% to 12% percent for the full year, upping its previous forecast of between 5% and 7% growth for both sales and operating profit.

Morocco,Maroc Telecom (IAM),

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