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Saturday, March 29, 2025

Digicel hails 16 per cent revenue growth

by

20111204

Re­gion­al mo­bile op­er­a­tor, Dig­i­cel, has re­port­ed that its rev­enues in­creased by 16 per cent year on year to US$1.24 bil­lion for the six months end­ed Sep­tem­ber 30, 2011. In a state­ment on Fri­day, Dig­i­cel Group Lim­it­ed-which com­pris­es 30 mar­kets in the Caribbean, El Sal­vador and the Pa­cif­ic-re­port­ed that its EBIT­DA (earn­ings be­fore in­ter­est, tax­es, de­pre­ci­a­tion and amor­ti­sa­tion) was up 15 per cent year on year to US$524 mil­lion for the six-month pe­ri­od with the most re­cent quar­ter con­tribut­ing US$270 mil­lion EBIT­DA. Asked in a fol­low-up e-mail whether there was any chance of get­ting Dig­i­cel's net prof­it in­for­ma­tion for the pe­ri­od, the com­pa­ny's head of Group Pub­lic Re­la­tions, An­to­nia Gra­ham, replied: "Apolo­gies, but we will not be dis­clos­ing that."

On No­vem­ber 3, Ca­ble & Wire­less Com­mu­ni­ca­tions (CWC), which op­er­ates in many of the same Caribbean mar­kets as Dig­i­cel, re­port­ed a 24 per cent in­crease in rev­enue to US$1.44 bil­lion for the six months end­ing Sep­tem­ber 30, and EBIT­DA that was high­er by 4 per cent to US$443 mil­lion dur­ing the same pe­ri­od. CWC re­port­ed net prof­it of US$108 mil­lion in the six-month pe­ri­od, which rep­re­sent­ed a 31 per cent de­cline. Dig­i­cel said its num­ber of sub­scribers had in­creased by 14 per cent to 11.1 mil­lion across Dig­i­cel's 30 mar­kets world­wide. "Haiti in par­tic­u­lar ex­pe­ri­enced rapid growth adding 830,000 new sub­scribers in the first six months of the fi­nan­cial year. Rev­enue earned from val­ue-added-ser­vices like web brows­ing and mes­sag­ing, was up 47 per cent year on year, helped by strong de­mand for smart­phones," said the mo­bile op­er­a­tor.


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