NTC posts 57.21 percent decline in its net profit
Summary
Nepal Telecom reported a 57.21% decline in net profit for the fiscal year 2024/25, with earnings falling to Rs 2.66 billion amid revenue drops and increased operational costs.
Key Points
- Nepal Telecom's net profit dropped by 57.21 percent to Rs 2.66 billion in FY 2024/25.
- Earnings per share declined to Rs 14.82 during the same fiscal year.
- Total operating income remained fairly stable at Rs 34.53 billion, a slight decline of 0.08 percent.
- Revenue decrease was attributed to reduced income from international calls, increased OTT service use, and competition from ISPs' WiFi services, along with increased operational and tax-related costs.
