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Digicel reports decline in earnings for second quarter

The Irish Times is reporting that Digicel's earnings dropped in its second quarter to the end of September as the coronavirus pandemic continued to weigh on business.
 
According to the report, revenues fell eight per cent to US$229 million compared to the same period last year.
 
The losses included a hit from currency weakness in some of Digicel's 33 markets across the Caribbean, Central America and Asia-Pacific against the US dollar.
 
Nevertheless, the Irish Times report noted that earnings rose five per cent on the three months to the end of June during the height of  the coronavirus crisis.
 
Service revenue declined by two per cent to US$546 million in the second quarter.


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