Maroc Telecom's Net Income Declines by 4.3 pc in 2015
Rabat - Maroc Telecom's share of net income amounted to 5,595 million dirhams in 2015, a 4.3 pc decline compared to the previous financial year.
Source : https://www.emouaten.com/english/Maroc-Telecom-s-N...
This performance is ascribed to the losses generated by the new subsidiaries, the Rabat-based company said in a press release issued Monday.
For their part, the Group consolidated revenues increased by 17 pc to more than 34 billion dirhams due to the consolidation of the new African subsidiaries and the revenues' stabilization in Morocco, the same source added.
During 2015, the Group's customer base sharply increased to nearly 51 million customers, according to the statement.
"Maroc Telecom Group is finishing fiscal 2015 with results that exceed its objectives and which confirm the Group's growth profile. The major capital investments in Very High Speed Mobile and Fixed-line broadband consolidate our leadership in Morocco. The successful integration of the new African subsidiaries strengthens the success of the Group's International expansion", Abdeslam Ahizoune, Chairman of the Management Board, said on the occasion of the publication of this press release.
"Maroc Telecom Group is tackling fiscal 2016 with confidence, despite the still uncertain regulatory, economic and competitive environments backed by the quality of its teams and its continuing policy based on innovation and investment", he added.
For their part, the Group consolidated revenues increased by 17 pc to more than 34 billion dirhams due to the consolidation of the new African subsidiaries and the revenues' stabilization in Morocco, the same source added.
During 2015, the Group's customer base sharply increased to nearly 51 million customers, according to the statement.
"Maroc Telecom Group is finishing fiscal 2015 with results that exceed its objectives and which confirm the Group's growth profile. The major capital investments in Very High Speed Mobile and Fixed-line broadband consolidate our leadership in Morocco. The successful integration of the new African subsidiaries strengthens the success of the Group's International expansion", Abdeslam Ahizoune, Chairman of the Management Board, said on the occasion of the publication of this press release.
"Maroc Telecom Group is tackling fiscal 2016 with confidence, despite the still uncertain regulatory, economic and competitive environments backed by the quality of its teams and its continuing policy based on innovation and investment", he added.
Source : https://www.emouaten.com/english/Maroc-Telecom-s-N...