Advertisement

Digicel hoping to cut borrowing ration by March

Digicel is hoping to cut its borrowing ration by the end of its financial year in March. 
 
Figures published on Wednesday show that its debt burden rose in the three months to the end of December as group earnings dipped.
 
The company, which completed a massive debt restructuring earlier this year, told its bondholders on Wednesday that its net debt amounted to 6.8 times earnings before interest, tax and depreciation at the end its fiscal third quarter in 2018.
 
Digicel had set a target almost a year ago to lower its debt ratio from times 6.7 to 5.7 by the end of March 2019 by boosting its earnings and selling off unwanted assets.


comments powered by Disqus
Most Popular
Opposition claims it has information of other...
Auto dealers predict fall in car prices with...
Jamaica, Panama to establish...