Digicel Group posts US$1.2b trading profit

Business, Normal

The National, Monday June 24th, 2013

 DIGICEL Group recorded US$1.2 billion (K2.6 billion) in trading profit for its March 2013 year end, 11% higher than the previous year.

The company, which operates in 30 markets throughout the Americas and the South Pacific, reported revenues of US$2.78 billion (K6 billion), or 8% more year-on-year.

Digicel described its performance as “strong” with subscribers up 1% to 12.9 million across Digicel Group’s 30 markets worldwide.

Revenue growth was driven by Haiti, Papua New Guinea, Trinidad and Tobago and Suriname. 

Group chief executive officer Colm Delves said last Thursday: “We are very pleased with the continued growth we are seeing across our markets and with the customer response to the roll-out of our 4G networks.

“We will continue to focus on growing our information and communication technologies-business solutions portfolio and on driving data usage across our customer base.”

Digicel indicated that its final quarter contributed US$318 million of the US$1.2 billion in its trading profit or earnings before interest, tax, depreciation and amortisation.

Data and value-added services revenues stood at 23% of service revenues – up from 20 % for the prior year quarter.

Key achievements in the period included: 

  • Launching of 4G services in select markets; 
  • Completion of the integration of the Voila business and network in Haiti; and
  • Growth of ICT/business solutions revenues