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Maroc Telecom Q1 profits fall 10.2%

Maroc Telecom Q1 profits fall 10.2%
Photo Credit: Arabianeye-Reuters
Maroc Telecom
IAM
-1.11% 99.68 -1.12

Casablanca – Mubasher: Maroc Telecom said net profits for the first quarter of 2015 dropped by 10.2% year-over-year.

The telecom operator posted MAD 1.316 billion ($130.5 million) in net profits for Q1, compared with MAD 1.466 billion ($145.4 million) in the same period a year earlier.

Revenues rose to MAD 7.942 billion from MAD 7.206 billion in Q1-14, while operating profits declined by 4% to MAD 2.558 billion from MAD 2.665 billion.