Nepal Telecom has earned a net profit of Rs 2.25 billion in the first quarter of the current fiscal year. The company has earned the profit from mid-July to mid-October.
Nepal Telecom had earned a profit of Rs 1.51 billion in the same period last fiscal year. The company has increased its profit by 48.90 percent in the current fiscal year as compared to the previous fiscal year.
Similarly, the operating income of the company has also increased by 13.2 percent compared to last year. The company has earned Rs 9.77 billion in the first quarter of the current fiscal year. The company had earned Rs 8.63 billion in the same period last year.
Similarly, the total income of the company has also increased. The total income of the company has increased by 8.39 percent to Rs 10.95 billion from Rs 10.44 billion in the same period of the current fiscal year. Similarly, EBITDA, which was Rs 3.97 billion in the first quarter of last fiscal year, has also increased by Rs 84.49 million in the same period of the current fiscal year to Rs 4.81 billion.
With the implementation of the 4G project and the expansion of its reach, the overall active customer base has increased and the use of mobile data, voice, SMS services, etc. has increased significantly.
The company also said that access to 4G has been extended to places where access to 2G and 3G services is not available. The increase in subscribers of internet service, telephone service and IPTV service distributed through the company’s FTTH service has also had a positive impact on the revenue generated from the fixed network, the company said.
The company says that the global crisis in business has eased since the beginning of the current fiscal year due to the direct impact of the Covid pandemic, which has eased the company’s projects and service delivery, and increased service utilization due to the Covid-targeted data package.
