Nepal Telecom earns Rs 3.23 arba profit in Q1; thanks to drop down of license fee

ShareSansar, November:

Nepal Doorsanchar Company Limited also known as Nepal Telecom (NTC) has posted the profit rise of 31.45 percent in the first quarter of the last fiscal year 2071/72.

According to the financial statement for the first quarter of the company published today, it stated that its net profit (after tax) stands at Rs 3.23 arba as compared to Rs 2.45 arba in the corresponding period of the previous fiscal year 2070/71.

The total revenue of NTC rose to Rs 10.09 arba, up from Rs 10.03 arba in the previous fiscal year. Likewise, the expenditure of the bank was Rs 5.76 arba in the last fiscal year as compared to Rs 6.62 arba in the previous year.

NTC expenditure mainly decreases due to the reduction in the frequency cost and license fee, which stands at Rs 1.61 crore and Rs 20.83 crore compared to Rs 1 arba and Rs 24.96 crore respectively in the last fiscal year.

As per the management analysis in the report, the company has also stated that it has managed to record a noteworthy growth in its performance by expanding its products and services.

Nepal Telecom, which has the highest capitalization in the only stock exchange of the country, further reported that its EPS now stands at Rs 86.17, P/E ratio at 7.15 times and the net worth per share is now at Rs 405.45.

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