Nepal Telecom Reports 16.44% Decline in Net Profit for Q4


Nepal Telecom (NTC) has reported its financial performance for the fourth quarter of the fiscal year 2080/81, revealing a 16.44% drop in net profit. The company’s net profit fell to Rs. 6.62 Arba, compared to Rs. 7.92 Arba during the same period last year. This decline is largely due to a 4.99% reduction in revenue from operations, which amounted to Rs. 34.46 Arba in the latest quarter.

NTC also saw a sharp 22.52% decrease in its investments, which now stand at Rs. 55.76 Arba. Additionally, the company experienced a 16.68% fall in finance income, which totaled Rs. 6.48 Arba.

However, not all figures were negative. Nepal Telecom’s reserves and surplus witnessed a small increase of 0.83%, now standing at Rs. 76.58 Arba. Furthermore, the company managed to cut down its operating and maintenance expenses by 12.98%, bringing these costs to Rs. 6.64 Arba.

Despite these cost-saving measures, the overall financial performance took a hit, as the company’s Earnings Per Share (EPS) fell to Rs. 36.77, down from Rs. 44.00 in the previous year. The Net Worth per Share was reported at Rs. 525.43.

NTC’s property, plant, and equipment value also decreased by 7.05%, while trade receivables dropped by 16.93%. The price-to-earnings (P/E) ratio stood at 22.98 at the end of the quarter, with a current ratio of 2.57.

Leave a Reply

Your email address will not be published. Required fields are marked *

More Interesting Read

Liberty Micro Life Insurance to Launch Public Share Offering
Latest Articles

Liberty Micro Life Insurance to Launch Public Share Offering

Liberty Micro Life Insurance Limited is preparing to offer 2,250,000 ordinary shares to the public at Rs. 100 per share, aiming to collect a total of Rs. 225,000,000. The public share issue is being organized in collaboration with Nepal SBI Merchant Banking Ltd and RBB Mutual Fund 1, creating a major opportunity for investors looking […]

Read More
Global IME Bank Proposes 5.5% Dividend for FY 2080/81
Latest Articles

Global IME Bank Proposes 5.5% Dividend for FY 2080/81

Global IME Bank Limited (GBIME) has proposed a 5.5% dividend for its shareholders for the fiscal year 2080/81. This decision was made during the 446th board meeting held on Ashwin 21. The proposed dividend includes 5.5% bonus shares, which will be distributed based on the bank’s paid-up capital of Rs. 36.12 Arba. The distribution of […]

Read More
Global IME Bank Launches Festival Cashback Offer with NEPALPAY QR
Latest Articles

Global IME Bank Launches Festival Cashback Offer with NEPALPAY QR

Global IME Bank, in collaboration with Nepal Clearing House Limited (NCHL) and KK Mart, has launched an exciting limited-time cashback offer for the upcoming festival season. From October 4 to October 16, 2024 (18th to 30th Ashoj), users of GlobalSmart+ and connectIPS can enjoy a 10% cashback, up to Rs. 100, when they make payments […]

Read More