RABAT - Maroc Telecom, Morocco's largest telecoms operator, reported on Friday a 0.4% drop in 2024 profit to 6.14 billion dirhams ($616 mln) as it continues its investment push in high speed fixed broadband.

Consolidated revenue rose 1.2% to 36.7 billion dirhams underpinned by growth in its African subsidiaries, the company said in a statement.

Maroc Telecom's customer base grew 4.5% to 79.3 million, it said.

The company said it would pay a dividend of 1.43 dirhams per share, totaling 1.26 billion dirhams.

Maroc Telecom, which is listed on Casablanca stock exchange and on Euronext Paris, is 53% controlled by the UAE's Etisalat while the Moroccan state holds a 22% stake.

Besides Morocco, it operates subsidiaries in Benin, Burkina Faso, the Central African Republic, Chad, Gabon, Ivory Coast, Mali, Mauritania, Niger and Togo.

(Reporting by Ahmed El Jechtimi Editing by Shri Navaratnam)