Maroc Telecom revenues up by 7%
Maroc Telecom has published its financial report for 2008. Bolstered by continued strong Mobile revenue growth, Maroc Telecom Group reported consolidated annual revenues of MAD 29,521 million, up 7.2% (up 6.2% on a comparable basis. Driven by revenue growth and cost control, consolidated EFO rose to MAD 13,889 billion in 2008, up 13.5% (up 13.6% on a comparable basis(2)), generating an operating margin of 47.0%, an increase of 2.6 points versus 2007.
The company proposed to distribute 100% of the distributable income, representing a dividend of MAD 10.83 per share and a dividend yield of over 7%.
Commenting on the 2008 consolidated results, Abdeslam Ahizoune, Chairman of the Management Board of Maroc Telecom, stated: “In 2008, Maroc Telecom Group once again reported strong growth in results and profitability, underpinned by significant revenue growth and improved cost control. As before, Maroc Telecom proposes to pay out 100% of its distributable income.”