CORRECTED - Maroc Telecom 2007 net profit rises 19 percent

Fri Feb 22, 2008 9:20am EST
 
[-] Text [+]

(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)

 
Join the Reuters Consumer Insight Panel and help us get to know you better

Join the Reuters Consumer Insight Panel and help us get to know you better