Telecommunications company Digicel is forecasting a drop in performance for its Haitian subsidiary from October to March of 2023.
Digicel says with the uncertainty in the market and fluctuations in the exchange rate, it estimates a US$25-US$35 million decline in income before depreciation.
When compared to the previous six months, the company registered earnings of US$74 million.
Digicel's Chairman, Denis O'Brien, says the current security situation in Haiti has forced the company to activate its emergency protocols to secure the safety of stakeholders to ensure business continuity.
The crisis, which has also restricted oil supply, has affected Digicel's operations, which depends on fuel to operate much of its network.
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