{"id":459581,"date":"2018-04-23T21:27:29","date_gmt":"2018-04-23T20:27:29","guid":{"rendered":"https:\/\/en.financialafrik.com\/?p=459581"},"modified":"2018-04-23T21:28:50","modified_gmt":"2018-04-23T20:28:50","slug":"positive-performance-for-maroc-telecom-in-the-first-quarter","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2018\/04\/23\/positive-performance-for-maroc-telecom-in-the-first-quarter\/","title":{"rendered":"Positive performance for Maroc Telecom in the first quarter"},"content":{"rendered":"<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div><p>Maroc Telecom announces for the first quarter of 2018, an increase of 5.6% of adjusted net income group share which reached 1.582 million dirhams (171 million dollars), and an EBITDA up 5.7% to reach MAD 4,482 million (US $ 485 million).<\/p>\n<p>The group achieved a turnover of 9 billion dirhams (974 million dollars), up 5.6% (+ 3.5% at constant exchange rate), thanks to the significant growth in Morocco (+ 4.6%) and in subsidiaries (+ 4.9% at constant currency).<\/p>\n<p>The Group&#8217;s consolidated operating income grew by 8% (+ 6.6% at constant exchange rates) to reach 2.86 billion dirhams thanks to the combined effect of the increase in the Group&#8217;s consolidated operating income. EBITDA and a decrease of 0.3% (at constant exchange rate) in amortization expense.<\/p>\n<p>A good result driven by the group&#8217;s performance in Morocco, but also by its subsidiaries abroad.<\/p>\n<p>New African subsidiaries lead the pack<\/p>\n<p>For its activities outside Morocco, Maroc Telecom recorded a turnover of 4.13 billion dirhams for this first quarter, an increase of 9.6% (+ 4.9% at constant exchange rate). An advance resulting from the revenue growth of its new subsidiaries (+ 11.8% at constant exchange rates), particularly in C\u00f4te d&#8217;Ivoire, Benin and Togo.<\/p>\n<p>The group also notes that operating income reached 1 billion dirhams, up 4.5% at constant currency.<\/p>\n<p>In terms of customers, Maroc Telecom announces a total of subscribers of nearly 59 million at the end of March 2018, up 7.8% year-on-year, driven mainly by the growth of the mobile parks of the subsidiaries as well as by the increase mobile and fixed broadband in Morocco, according to the top management.<\/p>\n<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div>","protected":false},"excerpt":{"rendered":"<p>Maroc Telecom announces for the first quarter of 2018, an increase of 5.6% of adjusted net income group share which reached 1.582 million dirhams (171 million dollars), and an EBITDA up 5.7% to reach MAD 4,482 million (US $ 485 million). The group achieved a turnover of 9 billion dirhams (974 million dollars), up 5.6%<\/p>\n","protected":false},"author":527297,"featured_media":459583,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":{"pmpro_default_level":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"","_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[12012],"tags":[50,14784],"class_list":["post-459581","post","type-post","status-publish","format-aside","has-post-thumbnail","category-telecoms-en","tag-maroc-telecom","tag-positive-performance","post_format-post-format-aside","pmpro-has-access"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.5 (Yoast SEO v28.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Positive performance for Maroc Telecom in the first quarter - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. 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