Nepal Telecom's Service Income Decreases But Profit Increases

Nov 16, 2018 Merolagani

The income from service of Nepal Telecom (NTC) has decreased by Rs 1.09 billion to Rs 9.49 billion in the first quarter of the current FY compared to Rs 10.58 billion of the corresponding period of the last FY.

However, its other income has increased during the review period. The net interest income of the company also decreased to Rs 10.85 billion from earlier Rs 11.83 billion. Although its total income decreased in the review period, its net profit has increased by 10.70 percent during the review period.

In the first quarter of the current FY, the company earned a net profit of Rs 4.49 billion which was Rs 4.05 billion during the corresponding period of the last FY.

In the meantime, the expenses of the company decreased to Rs 5.95 billion from earlier Rs 6.39 billion.

The company has EPS of Rs 119 from earlier Rs 108. The company has paid-up capital of Rs 15 billion and reserve fund of Rs 87.95 billion.

 

 

 

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