CORRECTED - Maroc Telecom 2007 net profit rises 19 percent

Fri Feb 22, 2008 2:20pm GMT
 
Email | Print | | Single Page
[-] Text [+]

(Corrects currency throughout to Moroccan dirhams, not dinars)

PARIS, Feb 22 (Reuters) - Maroc Telecom (IAM.CS), Morocco's dominant telecoms company, reported a 19 percent rise in 2007 net profit on Friday and forecast further profit growth for 2008.

Net profit rose to 8.033 billion Moroccan dirhams ($1.05 billion), while the operating profit rose 21.8 percent to 12.2 billion.

The company proposed a dividend of 9.20 dirhams a share and forecast revenue growth of more than 7 percent for 2008 and operating profit growth of more than 9 percent.

French media and telecoms group Vivendi (VIV.PA) owns 53 percent of Maroc Telecom while the Moroccan state owns 30 percent. (Reporting by Sudip Kar-Gupta; Editing by Paul Bolding)

 

Market Update

  • UKUK
  • USUS
  • Europe
  • Asia
  • UK Most Actives

Most Popular Business News on Reuters UK

  • Articles
  • Videos