Maroc Telecom Group records MAD 1.52 billion profit

Maroc Telecom Group records MAD 1.52 billion profit
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Wednesday 26 April 2023 - 13:45

Maroc Telecom Group achieved profits of about MAD 1.52 billion in the first quarter of this year, registering a growth of 1.8% compared to the same period last year.

The company said in its report on its quarterly financial results that the number of transactions grew by 3.7% to reach MAD 9.09 billion, compared to MAD 8.7 billion last year.

The company’s turnover in Morocco amounted to MAD 4.7 billion, an increase of 0.6%, while the number of African branches amounted to about MAD 4.5 billion, an increase of 7.3%.

The number of the group’s customers in Morocco and African countries has reached about 75 million.

The financial results report stated that the group started the new year with good results despite the unfavorable international situation, explained by the investment policy and its desire to be distinguished through the quality of its network and services.

The activity of the group’s subsidiaries in sub-Saharan Africa continues to lead the group’s performance.

The group emphasized that it chooses a proactive approach that enables it to quickly adapt to the continuous changes in its market and seize all opportunities.

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