Nepal Telecom Reports Rs 6.27 Billion Profit in Q3 of FY 2082/83

Kathmandu. Nepal Telecom has earned a net profit of Rs 6.27 billion by the third quarter of the fiscal year 2082/83. According to the third quarter financial statement published by Telecom, both the company's net profit and operating income have improved. This amount earned by Telecom is 9.85 percent or Rs 562.4 million more than in the same period of the previous fiscal year. In the same period last year, the company's net profit was Rs 5.71 billion. Along with profit, the company's income has also increased. The company's total operating income has increased by 2.42 percent to Rs 25.92 billion by the review period of the current fiscal year. Last year, operating income was Rs 25.31 billion in the same period. Similarly, the company's total income has also increased by 1.49 percent to Rs 28.85 billion, which was Rs 28.43 billion last year. The company's profit before tax, interest, and depreciation has also seen a slight improvement. According to the financial statement, such profit has increased by 1.32 percent or Rs 188 million to Rs 14.38 billion. With the increase in net profit, Nepal Telecom's earnings per share have also been positively affected. The annual earnings per share, which was Rs 42.3 in the third quarter of the previous fiscal year, has increased by 9.9 percent to Rs 46.47. The main reasons behind this positive change in the company's revenue and net profit are considered to be the increase in income from GSM and the decrease in depreciation expenses. Revenue from GSM under operating income has increased by 2.76 percent or Rs 577.4 million compared to last year. Similarly, the company's depreciation expenses have decreased by 8.46 percent or Rs 386.9 million, which seems to have helped increase profits. However, the company's interest income has been affected due to the continuously declining bank interest rates in the market. Telecom has stated that the company's interest income has decreased by 20.57 percent or Rs 576.6 million compared to the third quarter of the previous fiscal year.