Maroc Telecom reports 17% increase in revenues in 2015
Maroc Telecom, the country’s leading telco in terms of subscribers, has published its financial results for the twelve months ended 31 December 2015, reporting a 17.1% annual increase in revenues, from MAD29.144 billion (USD3 billion) to MAD34.134 billion. The improvement was chiefly attributed to 62.3% annual growth among the company’s international operations (6.9% on a ‘like-for-like’ basis), which offset a 0.6% sales decrease in its domestic market during the same period. Meanwhile, Maroc Telecom’s EBITDA increased by 6.7% in the period under review, to MAD16.742 billion; the company disclosed that the 3.8% decline in the Moroccan unit’s EBITDA was partly compensated by a 10.8% increase in EBITDA from the company’s international operations. Maroc Telecom’s consolidated earnings from operations in the period under review reached MAD10.340 billion, a marginal 0.7% increase year-on-year, while net income amounted to MAD5.595 billion, down by 4.3% when compared to 2014.
Source: Telegeography 15 February 2016