The net profit of Infrastructure Communications Company decreased compared to the previous year

The net profit for the year 2022 of Infrastructure Communications Company has decreased significantly compared to the year 2021

According to the IDEA, Infrastructure Communications Company, the exclusive importer of Internet to the country, has achieved an operating income of 4900 billion Tomans and a net profit of 572 billion Tomans last year. The net profit of this company has decreased compared to the previous year.

According to the decision of the Ministry of Economy and for greater transparency, the audited financial statements of public sector companies are published in Codal. The financial statements of 2022 of Infrastructure Communications Company have also been published recently. This group, which is solely responsible for the import of internet to the country, has achieved an operating income of 4900 billion tomans in the past year. This figure shows an increase of about 10% compared to the year 2021.

But the noteworthy point of this report is that the net profit of Infrastructure Communications Company has reached 572 billion Tomans during the year 2022 with a decrease of 45%. This is while the net profit of the first six months of last year was reported to be nearly 900 billion tomans.

The gross profit of Infrastructure Communications Company (operating income minus cost) has also decreased compared to 2021. Infrastructure Communications Company, like other operators such as Hamrahe aval and Asiatech, has been damaged by the extensive internet filtering in the second half of 2022 and the blocking of Instagram and WhatsApp, and its income and profit have been affected.

Infrastructure Communications Company revenue details

The income of Infrastructure Communications Company from providing broadband services during the year 2022 is reported to be nearly 4400 billion Tomans. This figure shows a growth of 4.3% compared to the year 2021. According to the mentioned company, this small increase in income compared to the previous year was caused by exchange rate fluctuations.

The income of Infrastructure Communications Company from making calls last year was about 505 billion tomans, which is an 80% growth compared to 2021: “The increase in income from making calls compared to the previous year is due to the increase in incoming international traffic minutes as well as the increase The exchange rate is in the conversion of currency to Rial.

Considering the unrest in Iran in the second half of last year and the WhatsApp filter, it seems that making phone calls has become the main way of communication between Iranians inside and outside the country, which has led to the growth of the infrastructure communication company’s income.

First Companion is still the biggest customer of the infrastructure company

The net income of Infrastructure Communications Company from Iran Mobile Communications Company (Hamrahe aval) has been nearly 2 thousand billion Tomans during the past year, so that Hamrahe aval is still the biggest customer of this company. Irancell also paid about 1288 billion tomans to Infrastructure Communications Company.

It should be noted that the amount of income of the Infrastructure Communications Company from First Mobile and Irancell has decreased compared to 2021, which can be due to filtering and reducing the internet consumption of the subscribers of these operators.

In the cost of operating income section, it is stated that due to the increase in bandwidth demand, the company’s expenses have increased, including payments to UAE companies of more than 3,200,000 euros, Italy, more than 564,000 euros, and Russia, more than 615,000 euros. Oman will spend more than 4,500,000 euros and Qatar will spend more than 706,000 euros to buy 5,460 gigabits per second of international broadband capacity.