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CORRECTED - Maroc Telecom 2007 net profit rises 19 percent

Fri Feb 22, 2008 9:20am EST

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(Corrects currency throughout to Moroccan dirhams, not dinars)

PARIS, Feb 22 (Reuters) - Maroc Telecom (IAM.CS), Morocco's dominant telecoms company, reported a 19 percent rise in 2007 net profit on Friday and forecast further profit growth for 2008.

Net profit rose to 8.033 billion Moroccan dirhams ($1.05 billion), while the operating profit rose 21.8 percent to 12.2 billion.

The company proposed a dividend of 9.20 dirhams a share and forecast revenue growth of more than 7 percent for 2008 and operating profit growth of more than 9 percent.

French media and telecoms group Vivendi (VIV.PA) owns 53 percent of Maroc Telecom while the Moroccan state owns 30 percent. (Reporting by Sudip Kar-Gupta; Editing by Paul Bolding)



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