Digicel blames exchange losses for drop in third-quarter sales

3 Dec 2013

International mobile group Digicel has announced that total revenues for the three months to end-September 2013 fell by USD7 million to USD691 million, primarily due to exchange rate losses at subsidiaries in Haiti, Papua New Guinea and Jamaica. The firm, which has operations across the Caribbean and the South Pacific, said that sales would have risen by 2% if it were not for the currency losses, the Irish Times reports. There was, however, a sharp decline in Haiti, where subscriber numbers were down 6% and sales dropped 11% to USD126 million, while in another of its core markets, Jamaica, sales fell 9% to USD107 million. There was a better picture in Trinidad & Tobago, with revenues climbing 13% to USD64 million.

Haiti, Jamaica, Trinidad and Tobago, Digicel Group