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Nepal Telecom sees decline in service revenue and profit for 2Q FY 2075/76
The service revenue and profit of Nepal Telecom (Ntc) has fell in the two quarters of Fiscal Year 2075/76. The financial report (unaudited) published earlier shows the decline of their revenue out of their services.
Nepal Telecom earned a total of Nrs 18 billion, 444 million from their main services. Whereas same period last FY 2074/75 showed their service revenue of Nrs 19 billion and 706 million. The income from services fell by 6.41% in the two quarters.
The period of the above data for FY 2075/76 dates from Shrawan 2075 to Poush 2075.
The financial reports cites the popularity of OTT services to negatively affect their interconnection business and hence the decline in the company’s revenue from their service. Meanwhile they also try to assure for their effective measure to maintain their revenue.
But the financial report shows the increase in the income other than from their services at 22.71%.
With the service revenue fall, Nepal Telecom also witnesses decline in their net proft in the two quarter. The two quarters of last FY 2074/75 showed a profit of Nrs 7 billion and 482 million whereas this FY 2075/76 same period has a profit of Nrs 6 billion and 341 million only.
- Net Profit of Ntc in two quarters 2075/76: Nrs 63,414,20000
- Net Profit of Ntc in two quarters 2074/75: Nrs 74,828,14000
- Decline: 15.25 %
The paid up capital of Nepal Telecom company is NRs 15 billion. The net worth per share of the company is Rs 706.67.
The earning per share (EPS) of the company also declines from Nrs 99.77 to Nrs 84.55. But they have increased the reserve amount from Nrs 75.34 Arba to Nrs 90.99 Arba in the same period that of FY 74/75 and FY 75/76 respectively.
Apart from the increase in the usage of OTT apps, Nepal Telecom also puts their challenging business environment in terms of competitive telecom landscapeas well as increase in competition and operating expenses. Despite which, they say to have managed to record a noteworthy growth in performanceby expanding its products/ services.
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