Maroc Telecom, the country’s largest telecommunications company, had more than 74 million subscribers in its Moroccan and African markets by the end of 2021, increasing by about 1.8%.
According to the company’s financial results press release, published February 17, its turnover last year was MAD36 billion, a decline of 2.7%.
In Morocco, the turnover achieved by the group recorded about MAD 19.9 billion, a decrease compared to MAD 20.8 billion in 2020.
At the international level, the turnover amounted to about MAD 16.9 billion, representing an increase compared to MAD16.8 billion in 2020.
The Net Income Group Share (RNPG) of Maroc Telecom increased by 11.1% at constant exchange rates, reaching over MAD 6 billion during the past financial year, according to the results revealed by the leading operator in the sector.
Maroc Telecom’s subsidiaries in Africa were rebranded as Moov Africa on January 1, 2021.
The company united its subsidiaries under one brand: ‘This new identity reflects the vision of the group, “Africa on the move”, to share its know-how and innovate for the benefit of the countries in which it operates.
The adjusted net income share was up by 0.5% at constant exchange rates, following the strong growth in net income from the activities of the Moov Africa subsidiaries, said Maroc Telecom.
As for the group’s adjusted operating profit before depreciation and amortization (EBITDA), it recorded nearly MAD 18.59 billion, down by 2.7% (-2.2% at constant exchange rates).
The adjusted margin rate has remained stable over the year at 51.9%.
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