Burkina Faso’s National Telecommunications Office (ONATEL) SA, 61% controlled by the Maroc Telecom group, achieved an after-tax profit of CFAF 31.052 billion (€ 46.678 million) at the end of fiscal year 2020, announced the leaders of this telephone company based in Ouagadougou.
Compared to the 2019 financial year when it stood at CFAF 30.086 billion, this profit has increased by 3.2%. “Without taking into account the impact of the upward revision of the rate of the specific tax on turnover, the growth in net income would be 8.7%”, specify the officials of ONATEL S.A.
At the end of the year under review, turnover increased by 2.1%, from 154.1 billion FCFA as of December 31, 2019 to 157.4 billion FCFA a year later. According to company officials, this positive development is due to the growth of the customer base, the improvement of mobile and fixed internet and mobile money known as Moov money.
As for the operating result, it stood at 48.521 billion FCFA against 45.759 billion FCFA in 2019, an increase of 6%.
The same upward trend was noted at the level of income from ordinary activities, which stood at 43.327 billion FCFA against 41.452 billion FCFA a year earlier (+ 4.5%).
As of December 31, 2020, ONATEL’s customer base stood at 9.5 million active customers compared to 8.6 million in 2019. Mobile activity totaled 9.3million customers, an increase of 9.8 % compared to 2019.
For its part, the fixed line fleet, as a result of its increased reliability, fell from 75,291 subscribers in 2019 to 75,039 in 2020, a slight decrease of 0.33%.
Regarding the Internet park (fixed and mobile), it grew strongly by 58.7% during the period under review, reaching 4.5 million customers. According to the executives of Onatel S.A, it is the good connectivity of the 3G and 4G + network that continues to drive this growth.
For the 2021 financial year, the directors of Onatel SA intend, among other actions, to continue to enrich and diversify the offers to better take into account the specific needs of customers, to develop very high speed through modernization and the densification of networks, the development of Moov Money and the pursuit of cost optimization.