Net profit of Nepal Telecom (NT) has increased by 18.49 per cent during the second quarter of the current fiscal year 2021/22 compared to the same period a year ago.
The company has earned a net profit of Rs. 3.89 billion during the first six months of the current fiscal year while it had earned a net profit of Rs. 3.28 billion during the first six months of last fiscal year 2020/21.
According to a press statement of NT, the total revenue from the services of the company has increased by 6.87 per cent (Rs. 1.41 billion) to Rs. 21.98 billion during the review period compared to the same period last fiscal year.
Meanwhile, the operating income of the company has increased by 8.36 per cent during the review period. The operating income of the NT stood at Rs. 19.20 billion during the second quarter of the current fiscal year while it was Rs. 17.72 billion during the same period a year ago.
The earnings before interest, tax, depreciation and amortisation (EBITDA) has increased by 9.01 per cent to Rs. 9.38 billion during the review period while it was Rs. 8.61 billion in the same period last fiscal year.
With the waning impact of COVID-19, improvement in the global business and increased data consumption and other services have contributed to improving net profit of the company, it said.
The increase in customer attraction towards FTTH services of the company has increased the number of customers of internet service, telephone service and IPTV service distributed through FTTH, which has also had a positive impact on the revenue generated from Fixed Network, NT said.
Although the company has provided data packages at very low prices for the convenience of the customers targeting the COVID-19 pandemic, there is no possibility to increase revenue.
However, the company said that the customers have been attracted towards the services of the company and use of services has increased through activities such as enhancing the quality services, it said.
Due to the direct impact of the COVID-19 pandemic, Nepal Telecom had witnessed a decline in global business, interest rates on term deposits and call deposits of banks and financial institutions decreased in the last fiscal year.
Source : TRN,
