Nepal Telecom Reports Significant Profit Increase in First Quarter
Summary
Nepal Telecom’s net profit rose 37.35 percent in the first quarter of the current fiscal year to Rs 1.82 billion, even as floods and landslides disrupted services and weighed on revenue in affected areas. GSM and FTTH revenue growth helped offset higher employee expenses and lower depreciation costs.
Key Points
- Nepal Telecom’s first-quarter net profit increased 37.35 percent year-on-year to Rs 1.82 billion.
- The company’s operating revenue and total income remained broadly stable, while profit before tax rose 3.65 percent.
- Floods and landslides in Rasuwa and along the Budhigandaki River disrupted services and forced Telecom to provide free data and voice services in affected areas.
- Revenue growth from GSM and FTTH services helped the company despite higher employee expenses and service disruptions.
