MAROC TELECOM ACHIEVES USD 739MN CONSOLIDATED TURNOVER AS OF JANUARY 07

Mergers, Acquisitions and Financial Results

Moroccan telephony operator, Maroc Telecom, achieved a consolidated turnover of USD 739.1Mn as of January 2007, i.e. a 15.9% increase. The increase touched the consolidated operational result, which rose, up to March 2007, by 22.3% due to the good performance of the group, said Maroc Telecom.

Compared to the fist quarter of 2006, the consolidated turnover growth amounted in 2007 to 10.6%, while the operational result flared up 19.1%, due to the operational performance in turnover, cost control and operational cost control, the release went on to say.

This general upsurge enabled Maroc Telecom to achieve a 46.6% operating margin, the same source added, ascribing this positive result to the significant improvement of the operating margin of cell phone activity that stood at 52%.

The company recorded in 2006 a turnover exceeding USD 2.67Bn, i.e. a 10.1% increase compared with 2005, while its net result stood at USD 79.61Mn.

MAP