Currency swings hit O'Brien's Digicel in Q1
Earnings dropped 8 per cent from a year earlier, report says
Digicel Group, the mobile services company controlled by billionaire Denis O’Brien, saw first-quarter earnings slide due to currency swings, two people with knowledge of the matter have told Bloomberg.
Adjusted earnings before interest, taxes, depreciation and amortisation slid 8 per cent because of unfavourable foreign exchange rates during the first three months of its financial year from the year-earlier period, according to the people....
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The way we did business a few months ago may never return – so the opportunity is to make changes that will both aid recovery and set us up well for our new futures