Maroc Telecom, a unit of French media giant Vivendi SA, late Monday said its 2009 net profit fell 1%, reflecting financial costs,but forecast moderate revenue growth in 2010.
Net profit fell to 9.43 billion Moroccan Dirhams ($1.14 billion) as the company recorded MAD147 million in financial expenses. In 2008 it had booked MAD394 million of financial income.
Maroc Telecom is a 53% subsidiary of Vivendi, with operations covering mobile, fixed-line and Internet access services.
Maroc Telecom - Vivendi
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