Maroc Telecom, the Moroccan telecoms operator majority-owned by France’s Vivendi Universal, announced Wednesday a 9.6 percent increase in profits for the nine months to September 30.
In a statement, it put its consolidated group operating income at 10.42 billion dirhams (950 million euros), on sales of 22.03 billion dirhams, up 8.4 percet on the same January-September period last year.
“In a very competitive market, and in an more difficult macro-economic environment, Maroc Telecom is pursuing satisfactory growth even as it improves its margin levels,” said its chairman Abdeslam Ahizoune.
Maroc Telecom’s mobile telephone business grew to 14.6 million customers, up 14 percent, while fixed telephone and Internet lines were down 0.8 percent to 1.31 million lines.
Elsewhere in Africa, its revenues in Gabon and Mauritania slipped, but grew in Burkina Faso.
For all of 2008, Maroc Telecom expects revenue growth to exceed eight percent on its 2007 sales of 27.53 billion dirhams, itself up 21.7 percent from the previous year.