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April 9, 2023
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Antel registered profits of US$ 245 million last year

Antel registered profits of US$ 245 million last year

Last year before returned to register positive numbers. Its balance sheet says that the public company ended 2022 with net earnings of $10,074.4 million (equivalent to $244.9 million).

The figure was slightly lower than that registered in 2021, when profits had amounted to $10,765.3 million, that is, about US$247 million. Those results had been the best since 2005, the company had reported.

The figures for 2022

The operating result was positive at $11,049 million, with which the company’s profitability was 26.8% last year, according to the accounting and financial statements audited by the KPMG firm.

For business

The data by line of business show that the net operating income of the company totaled $41,175.7 million, and grew 4.3% measured in national currency and in nominal terms.

Billing for mobile phone grew 12% with $20,124 million, and represented 49% of total revenue.

Meanwhile, the data service revenue they increased 2.3% year-on-year, with $17,070 million (41% of revenues).

And in fixed telephony revenues fell 4% year-on-year, in line with the trend of recent years, and totaled $5,676 million.

In 2022, Antel had a 5% growth in the number of mobile services sold in the last year and closed with 111,000 more, according to what the president of Antel Gabriel Gurméndez had told El País.

“The 111,000 new mobile services are due to a promotion and publicity plan, and to a drop in prices that Ursec also recognized, which occurred in a context of greater competitiveness generated by portability, the chief said last January.

Contribution to general income

Last year Antel dumped General Income the sum of $4.860 million. Of that amount, there were $3,446 million that corresponded to the 2021 financial year.

On the other hand, the average number of officials during the past year was 6,223 and it was reduced compared to the year 2021, when there were 6,507 workers, according to the balance sheet.

the rates

Thes rates increased last January after two years without adjustments. The correction was 2% for the prices of fixed charges for mobile telephony contracts, and 2.6% for the prices of fixed telephony and fixed broadband charges.

“It is a figure much lower than the 17% inflation of the two years in which the rates were not adjusted”Gurméndez had pointed out in public statements.

“This is also possible because Antel faces this 2023 with a robust financial situation, exhibiting the highest liquidity in the last 9 years, with US$ 239 million. The figure is also very adequate in terms of what the adjustments of our competitors have been, ”he added on the occasion.

UTE and Ancap

In the case of Ancap, the company will present its results next week. The Ancap group as a whole (with its collateral companies) had registered a profit of US$ 143 million in the accumulated year to September.

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