In Morocco Maroc Telecom's net profit dips 4.3 pct to $577 mln

Last year Maroc Telecom completed the acquisition of majority owner Etisalat Group's west African operations in Benin, Ivory Coast, Gabon, Niger, the Central African Republic and Togo for 474 million euros.

  • Published:
Maroc Telecom's net profit dips 4.3 pct to $577 mln play

Maroc Telecom's net profit dips 4.3 pct to $577 mln

(Spirtus)
24/7 Live - Subscribe to the Pulse Newsletter!

Maroc Telecom, Morocco's largest telecom operator, said on Monday its net profit last year fell 4.3 percent to 5.59 billion Moroccan dirhams ($577 million) due to losses related to new acquisitions.

Last year Maroc Telecom completed the acquisition of majority owner Etisalat Group's west African operations in Benin, Ivory Coast, Gabon, Niger, the Central African Republic and Togo for 474 million euros.

Total revenue rose 17 percent in 2015 to 34.134 billion dirhams, however.

Maroc Telecom also said it would pay a dividend of 6.36 dirhams per share, equating to 100 percent of its profit.

($1 = 9.6940 Moroccan dirham)

Do you ever witness news or have a story that should be featured on Pulse Nigeria?
Submit your stories, pictures and videos to us now via WhatsApp: +2349055172167, Social Media @pulsenigeria247: #PulseEyewitness & DM or Email: eyewitness@pulse.ng. More information here.