Maroc Telecom’s revenue up by 6% in 1H16

Mergers, Acquisitions and Financial Results

Maroc Telecom (IAM), the country’s leading telco in terms of subscribers, has published its financial results for the six months ended 30 June 2016, reporting a 6.1% increase in revenues, from MAD16.583 billion (USD818 million) to MAD17.593 billion.

The improvement was driven by the group’s international operations, which grew by 17.1% year-on-year (10.9% on a comparable basis), and a marginal growth in the group’s domestic market (1.7%). Meanwhile, Maroc Telecom’s EBITDA increased by 1.3% in the period under review, to MAD8.525 billion; on a like-for-like basis EBITDA increased 0.7%, with the progress attributed to an 1.9% decline in the Moroccan unit’s EBITDA, although this was partly compensated by a 6.1% growth in EBITDA from the company’s international operations.

Maroc Telecom’s consolidated earnings from operations reached MAD5.603 billion at 30 June 2016, a 4.7% increase y-o-y, while group’s share of net income amounted to MAD2.918 billion, up by 3.2% when compared to H1 2015.
Source: Telegeography 25 July 2016