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.
