Maroc Telecom reports $620 million profit

Maroc Telecom, Morocco’s largest telecoms operator, has reported an adjusted profit of $620 million in 2019.

The result was achieved on the back of higher mobile data activity in Morocco and in African subsidiaries, according to the company.

The Telecoms total revenue grew by 1.3% to $3.76 billion.
The company says its customer base rose from 11.1% to 67.5 million citing a growth in demand for its mobile broadband and landlines in Morocco.

Maroc Telecom also says it will pay a dividend of 5.54 dirhams per share, totalling 4.9 billion dirhams.
Maroc Telecom, which is listed on the Casablanca Stock Exchange and Euronext Paris, is 53% controlled by the UAE’s Etisalat, with the Moroccan state owning 22%.

It operates subsidiaries in Benin, Burkina Faso, Ivory Coast, Gabon, Mali, Mauritania, Niger, Chad, Togo and the Central African Republic.

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