Nepal Telecom Q1 earning surges by 25.03% to Rs 4.14 arba; Reserve at Rs 74.54 arba

Government owned Nepal Doorsanchar Company Limited (NTC) also known as Nepal Telecom has posted net profit rises by 25.03 percent in the first quarter of the current fiscal year 2073/74. According to the financial statement for the first quarter of the company published today, its net profit (after tax) increased to Rs 4.14 arba in Q1 of FY 2073/74 as compared to Rs 3.31 arba in the corresponding period of the previous fiscal year 2072/73. The total income of NTC surges to Rs11.36 arba in Q1 from Rs 10.56 arba in the previous fiscal year. Likewise, the expenditure of the company has also depreciated to Rs 5.76 arba in this quarter end as compared to Rs. 6.16 arba in the previous year. The company’s report shows that the ‘operation and maintenance’ costs of Rs.1.94 arba accounted the highest portion of its total expenditure, followed by ‘personal costs’, ‘depreciation’ and ‘license fee’, among other headings. Nepal Telecom has Rs15 arba paid up capital and has an impressive Rs 74.54 arba in reserve and surplus. The company’s report also states that it has managed to record a noteworthy growth in performance by expanding its products and services. It has adequate facilities in place and robust cash flows to meet its liquidity requirements for executing its business plans and meeting with any evolving requirements. Nepal Telecom further reported that its EPS now stands at Rs 110.48; P/E ratio at 6.22 times and the net worth per share at Rs 596.97. Its last traded price stood at Rs. 676 as on November 14, 2016.