Maroc Telecom's third-quarter profit slips 2.6%

The group’s customer base grew 4.3% to 70,5mln users, including 19.7mln in Morocco

  
An electronic board shows the Moroccan Composite Stock in a photo illustration at Casablanca stock exchange office in Casablanca, Morocco, June 29, 2017.

An electronic board shows the Moroccan Composite Stock in a photo illustration at Casablanca stock exchange office in Casablanca, Morocco, June 29, 2017.

REUTERS/Youssef Boudlal/Illustration

RABAT - Maroc Telecom, Morocco's largest telecoms operator, on Monday reported a profit of 4.526 billion dirhams ($490 mln) in the first nine months of the year, down 2.6 % compared with the same period last year.

Revenue rose to 27.5 billion dirhams, up 0.7%, the company said, citing resilient growth in Africa.

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

The group’s customer base grew 4.3% to 70,5 million users, including 19.7 million in Morocco.

Maroc Telecom, listed on the Casablanca Stock Exchange and Euronext in Paris, is 53% controlled by the United Arab Emirates telecoms group Etisalat and 22% owned by the Moroccan state.

(Reporting by Ahmed Eljechtimi, editing by Louise Heavens) ((ahmed.eljechtimi@thomsonreuters.com;))

More From Equities