Q4 2022 Close of year quarter results
Iceland Unicom, one of the country's leading telecommunications companies, has reported strong results for the fourth quarter of 2022. The company saw a significant increase in revenue and profits, driven by a growing customer base and an increase in demand for its services.
For the quarter, Iceland Unicom reported revenue of ISK 10 billion, an increase of 12% compared to the same period the previous year. The company attributed this growth to a combination of new customers and increased usage among existing customers. This was also reflected in the company's net income, which reached ISK 2.5 billion, an increase of 20% compared to the previous year.
Iceland Unicom also reported an increase in its customer base, with the number of subscribers growing by 5% to reach 2.3 million. This growth was driven by the company's continued expansion in rural areas, as well as its efforts to attract new customers through competitive pricing and promotional offers.
In addition to its strong financial results, Iceland Unicom also announced a number of new initiatives aimed at improving its services and expanding its reach. The company plans to invest heavily in its network infrastructure, with a focus on expanding its 4G and 5G coverage. This will allow the company to offer faster and more reliable services to its customers, and will also help to attract new customers in areas that have previously been underserved.
Iceland Unicom also announced plans to expand its portfolio of services, including the launch of new products and services such as home internet and mobile banking. The company also plans to invest in new technologies such as artificial intelligence and machine learning to improve its customer service and support.
Overall, Iceland Unicom's strong performance in the fourth quarter of 2022 is a positive sign for the company and its shareholders. With a growing customer base, increasing demand for its services, and a number of new initiatives aimed at improving its offerings, the company is well-positioned for continued growth and success in the years to come.
On behalf of Iceland Unicom Group, the board,
Herr. Alex Blöndal
Sindri M.B. de Rothschild
Reykjavík, Jan 8, 2023