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Do follow us on our FB, Twitter to get the latest posts.
Nepal Telecom (NTC) saw its profit increase by 18% reaching a total of Rs 8 billion, 38 crores, and 88 thousand in the FY 078/79 against the same duration of FY 077/78. In the last FY, the company grew its profit by Rs 1 billion, 25 crores, 6 lakh, and 47 thousand against the previous fiscal year.
In the previous Fiscal Year 077/78, the government-backed operator had generated Rs 7 billion, 12 crores, 94 lakhs, and 41 thousand in profit.
Total Ntc profit in FY 078/79 | Total Ntc profit in FY 077/78 | Growth | In percentage |
Rs 8.39 billion (approx.) | Rs 7.13 billion (approx.) | Rs 1.25 billion↑ | 18% (approx.) |
After reeling from the Covid-19 effects on its earnings, the company has started gradually making strong financial performance. It seems the company could now maintain a positive trajectory for profit.
Check out: Ntc Sees its Profit Decline in Q3 FY 078/79
At the same time, Ntc also saw its total operating revenue growth in the fourth quarter of FY 078/79. The company generated Rs 37 billion, 88 crores, 99 lakh, and 58 thousand total revenues. This marked an increase of 5.44% over the figure from the same period in the previous fiscal year.
In amount, the increased Total Operating Revenue translated to Rs 1 billion, 95 crores, 42 lakh, and 75 thousand. Meanwhile, in FY 077/78, Ntc collected Rs 35 billion, 93 crores, 56 lakhs, and 83 thousand in Total Operating Revenue.
Total Operating Revenue FY 078/79 | Total Operating Revenue FY 077/78 | Growth | In percentage |
37,88,99,58,000 | 35,93,56,83,000 | 1,95,42,75,000↑ | 5.44 |
The telco’s total revenue collection also grew by 5% in the same period. In the last fiscal year (till the end of Ashar), Ntc’s total revenue collection stood at Rs 42 billion, 20 crores, 99 lakhs, and 3 thousand. In FY 078/79 for the same duration, the company collected Rs 44 billion, 32 crores, 13 lakhs, and 58 thousand in total revenue.
Total Revenue FY 078/79 | Total Revenue FY 077/78 | Growth | In percentage |
44,32,13,58,000 | 42,20,99,03,000 | 2,111,455,000↑ | 5 |
Also see: How to transfer balance in Nepal Telecom Mobile?
The company has identified the following reasons for its overall financial showing in the fourth quarter of FY 078/79.
For the first time, Ntc issued its shareholders 20% bonus shares last year which boosted its paid-up capital to Rs 18 billion. And besides profit growth in Q4 FY 078/79, it has also increased in per-share income. Currently, the company’s per-share profit stands at Rs 46.56.
How do you see Ntc starting to register strong financial performance? Can it maintain the same figures in the coming months? Do share your input in the comments below.
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