Maroc Telecom group earned in 2022 profits of approximately 5.8 billion dirhams, which is a decrease of 3.2 percent compared to 2021 when it earned 6 billion dirhams.
The group issued its financial results, which revealed that its turnover for 2022 remained stable at about 35.7 billion dirhams, the same as the previous year. The group expects this stability to continue throughout the current year.
The group’s customer base in Morocco and the rest of Africa increased by around 1.6 percent to a total of 75.4 million customers. However, the number of customers in Morocco decreased by approximately 3 percent, while the number of customers in African branches increased by 3.8 percent.
Despite the intensity of competition and the repercussions of the international economic crisis on inflation, the company met its operational and financial goals for 2022. The company highlighted that the profitability of its African branches played a crucial role in maintaining its high level of profitability. The company also emphasized its continuous efforts to improve costs.
In Morocco, the company’s turnover amounted to 19.5 billion dirhams, a decrease of 1.8 percent, while the number of customers reached 19.3 million. At the branch level in African countries, the company’s turnover increased by 2 percent, reaching 17.2 billion dirhams, and the number of customers reached 52 million, spread across Mauritania, Burkina Faso, Gabon, Mali, Côte d’Ivoire, Benin, Togo, Niger, Central Africa, and Chad.
It is important to note that the state owns about 22 percent of the “Maroc Telecom” company and receives an annual percentage of profits amounting to 786 million dirhams, as this is included in the non-tax revenues derived from monopolies and the contribution of public institutions and companies in the Finance Law.
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