Nepal Telecom Reports Rs 6.27 Billion Profit in Q3 of FY 2082/83
Summary
Nepal Telecom reported a net profit of Rs 6.27 billion in the third quarter of FY 2082/83, marking a 9.85% increase from the previous year, driven by higher GSM income and reduced depreciation expenses.
Key Points
- Nepal Telecom earned a net profit of Rs 6.27 billion in Q3 of FY 2082/83, an increase of 9.85% from the previous year.
- Operating income rose by 2.42% to Rs 25.92 billion compared to last year.
- Revenue from GSM increased by 2.76%, and depreciation expenses decreased by 8.46%.
- Interest income declined by 20.57% due to falling bank interest rates.
