Maroc Telecom profits up 19%

22 Feb 2008

Moroccan incumbent Maroc Telecom has reported a 19% rise in 2007 net profit, and forecast further profit growth for 2008. The telco reported other financial and operating results last month. Net profit rose to MAD8.033 billion (USD1.0 billion), while operating profit rose 21.8% to MAD12.2 billion (on revenues that climbed 21.7% to MAD27.53 billion). The company forecast operating profit growth of more than 9% in 2008 on revenue growth above 7%.

Morocco,Maroc Telecom (IAM),

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