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Nepalitelecom is a website that provides the latest telecom news, information, and offers in Nepal.
Do follow us on our FB, Twitter to get the latest posts.
Nepal Telecom (Ntc) collected over 28 billion in total operating revenue but saw its income take a slump in the third quarter (Q3) of Fiscal Year (FY) 078/79. Find more in detail below.
Till Chaitra FY 078/79, Ntc generated total operating revenue of 28 billion, 21 crores, 96 lakhs, and 12 thousand. In a year-to-year comparison, it is an increase of 76 crores, 82 lakh, and 59 thousand.
By comparison, the telco generated 27 billion, 45 crores, 13 lakh, and 53 thousand till Chaitra in last fiscal year 077/78. That means, the government-backed operator grew its revenues by 2.8 percent this term.
Total operating revenue Q3, 078/79 | Total operating revenue Q3, 077/78 | Growth | Growth in percent |
28,21,96,12,000 | 27,45,13,53,000 | 76,82,59,000↑ | 2.8 |
And this has also translated to higher total revenues this quarter for the leading operator. Till Chaitra 2078, the company grew its total revenues by 86 crore, 29 lakh, and 56 thousand making it 32 billion, 53 crores, 67 lakhs, and 29 thousand. This is an increase of 2.72 percent. Also read: Ntc 4G Coverage Reaches 95% Local Levels, With 91% Sites On-aired
In the previous FY in Q3, Ntc generated 31 billion, 67 crores, 37 lakh, and 74 thousand in revenues till Chaitra, 2077.
But despite the encouraging revenues, Ntc saw its total profit take a slump in Q3 FY 078/79. In the previous FY till Chaitra 2077, the company generated 5 billion, 88 crores, 44 lakhs, and 72 thousand in total profit.
But this term, it decreased by 44 crores, 91 lakh, and 25 thousand. Till Chaitra 2078, the company’s total profit stood at 5 billion, 43 crores, 53 lakhs, and 47 thousand.
Total profit in Q3, 078/79 | Total profit in Q3, 077/78 | Loss |
5,43,53,47,000 | 5,88,44,72,000 | 44,91,25,000↓ |
Check out: How to transfer balance in Ntc?
Likewise, Ntc has attributed the following reasons for the slight decline in its earnings.
For you: Ntc Announces All Net Voice Pack at Affordable Rates
How satisfied are you with Ntc’s data packs and voice services? Do share in the comments below.
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