MAROC TELECOM: 2019 financial achievements in line with our forecasts excluding non-recurring items
- A 1.3%rise in consolidated turnover to MAD 36,517m;
- A 0.4% increase in adjusted NIGS to MAD 6,029m;
- Recognition of a provision of MAD 3.3bn relating to the ANRT fine, resulting in a 54.6% decrease in the published NIGS to MAD 2,726m;
- And, distribution of a MAD 5.54 ordinary DPS (vs. MAD 6.83 in 2018).
BMCE Capital Global Research is a subsidiary of BMCE Capital Group dedicated to Research and Financial Analysis. It is addressed to professional investors (financial institutions, management companies, etc.) to which it provides information and independent analysis aligned with international standards. BMCE Capital Research covers equities, interest rate, Forex and commodities markets in Morocco, Tunisia and WAEMU region (Bourse Régionale des Valeurs Mobilières, BRVM). Thanks to its latest generation technology platform, to its teams and to those of its partners, the Research Office of BMCE Capital is now able to cover simultaneously several places in Africa and to produce several publications co-branded under its umbrella brand African Securities Network, ASN.
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