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