Ericsson wrote:DRC subsidiary recorded a decline in profits.
The investment is starting to show unviability
Expect DRC profit not to grow for at least the next three years. Most of the cost is going into expansion: training staff, signing leases, hiring staff, office equipment, network connection, marketing etc. Plus there is the nasty elections issues the country is facing. I think it still has hope to be among the top 3 biggest banks in that country once that political situation is solved.