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Maroc Telecom 1H Net Profit Up 2.6%, Confirms Guidance
12/8/2009

Maroc Telecom (IAM.CL), a unit of French media giant Vivendi SA (VIV.FR), Wednesday reported an increase in first-half net profit and said it still forecasts full-year revenue growth of around 2% and an operating margin of around 45%.

  Source Dow Jones
 
Article

Maroc Telecom 1H Net Profit Up 2.6%, Confirms Guidance

PARIS (Dow Jones)

Maroc Telecom (IAM.CL), a unit of French media giant Vivendi SA (VIV.FR), Wednesday reported an increase in first-half net profit and said it still forecasts full-year revenue growth of around 2% and an operating margin of around 45%.

MAIN FACTS: 

- First-half net profit rose 2.6% to MAD4.64 billion.

- First-half revenue was up 1.9% to MAD14.6 billion.

- First-half operating margin was 44.9%.

- The Group's customer base increased to 19.6 million at June 30, up 5.3% year on year.

- Maroc Telecom is 53%-owned by French entertainment-to-telecom conglomerate Vivendi and 30% by the Kingdom of Morocco.

 
 
 
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