NTC profit surges by Rs 8.19 crore; Reserve & Surplus reaches Rs 52.51 arba

Government owned Nepal Doorsanchar Company Limited (NTC) also known as Nepal Telecom has posted surge in net profit by 2.53 percent in the first quarter of the current fiscal year 2072/73. According to the financial statement for the first quarter of the company published today, its net profit (after tax) stands at Rs.3.31arba as compared to Rs.3.23 arba in the corresponding period of the previous fiscal year 2071/72. The total income of NTC rose to Rs.10.52 arba from Rs.10.09 arba in the previous fiscal year. Likewise, the expenditure of the company has also risen to Rs.6.11 arba in the current fiscal year as compared to Rs.5.76 arba in the previous year. The company’s report shows that the ‘operation and maintenance’ costs of Rs.2.30 arba accounted the highest portion of its total expenditure, followed by ‘personal costs’, ‘depreciation’ and ‘license fee’, among other headings. The company’s report also states that it has managed to record a noteworthy growth in performance by expanding its products and services. Nepal Telecom further reported that its EPS now stands at Rs.88.36; P/E ratio at 7.36 times and the net worth per share at Rs.450.10. Nepal Telecom has Rs.15 arba paid up capital and has an impressive Rs.52.51arba in reserve and surplus. Its last traded price stood at Rs.650. Click Here For Announcement