Maroc Telecom 1H Net Pft +18% To MAD4.5B; Ups '08 Forecasts |
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Tuesday, Jul 29, 2008
PARIS (Dow Jones)--Maroc TelecomMaroc Telecom
(IAM.CL), the largest mobile operator and only fixed-line operator in Morocco, Tuesday said first-half net profit rose 18%, helped by a strong domestic performance.
Maroc TelecomMaroc Telecom said net profit for the first half totaled 4.5 billion Moroccan dirham (US$0.62 billion).
Operating profit rose 11% to MAD6.67 billion, with a 1-percentage-point improvement in operating margin to 47%.
Maroc TelecomMaroc Telecom raised its forecasts full-year 2008 growth to "above 8%" for revenue and "above 11%" for operating profit.
The Moroccan operator said first-half operating profit for all activities in Morocco rose 16% to MAD6.65 billion, with operating profit at its mobile division in Morocco increasing 15% to MAD4.98 billion.
Maroc TelecomMaroc Telecom, which also has operations in Mauritania, Burkina Faso and Gabon, is 53%-owned by French media conglomerate Vivendi SA (12777.FR).
Vivendi will report first-half earnings figures before the market opens Sept. 1.
-By Alice Dore, Dow Jones Newswires; +33 1 4017 1740; alice.dore@dowjones.com
Order free Annual Report for Vivendi Universal SA
Visit http://djnweurope.ar.wilink.com/?ticker=FR0000127771 or call +44 (0)208 391 6028
(END) Dow Jones Newswires
29-07-08 1626GMT
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