18th November 2021, Kathmandu
Nepal Telecom managed to increase revenue in the first quarter after increasing demand for FTTH.
Nepal Telecom’s operating income has improved. The company has managed to earn Rs 9.67 billion in the first quarter of the current fiscal year.
The company’s earnings for the first quarter of the current fiscal year, published 16th November 2021 have increased by about 12.16 percent compared to last year.
The operating income of the company increased from Rs. 8,628.43 million in the first quarter of last fiscal year (mid-August 2077) to Rs. 9 billion 677.73 million 38 thousand.
The total income after the last audit of the first quarter of last year (mid-August 2077) was Rs. 10 billion 104.44 million in the current Fiscal Year. In the same period (mid-August 2078), the total income was Rs. 84.78 million 71 thousand (i.e. 8.39 percent) to Rs. 10.95 billion 23.46 million.
Net profit of Rs. In the corresponding period of the previous year (mid-August 2078), Rs. 74.21 million 34 thousand (i.e. 48.90 percent) to Rs. 2.25 billion 99 million 4 thousand.
Last year In the first quarter of the current fiscal year (mid-August 2077), EBITDA was Rs. 3.97 billion. In the same period of the previous year, EBITDA increased by Rs. 84.49 million 57 thousand (i.e. 21.28 percent).
The following are the main reasons for the company’s positive financial health in the first quarter of the current Fiscal Year as compared to the first quarter of the last Fiscal Year.
With the implementation of the Forge project, the overall active customer base increased with the expansion of mobile data, voice, SMS.
There has been a significant increase in the use of services etc. Similarly, the customer base has increased due to the expansion of 2G / 3G / 4G services even in places where 2G / 3G services are not available.
The increase in customer attraction towards the company’s FTTH service has also had a positive impact on the revenue from fixed networks as the number of customers of internet service, telephone service and IPTV service distributed through FTTH has increased.
After the vaccination program against COVID 19 in the country and globally, the crisis in the global business due to the direct impact of the epidemic of COVID 19 has eased somewhat since the beginning of the current fiscal year.
Although the company has provided data packages at very low prices for the convenience of the customers targeting the epidemic of Covid 19, even though there is no direct increase in revenue from the company, activities such as enhancing the quality of services and improving maintenance have attracted customers to the company’s services.
Despite the decline in international calls and international roaming services due to the Covid 19 epidemic, the fact that international travel is not easy and the increasing use of OTT, the growth in online business, online classes, social networking, Internet-based entertainment, etc.
Last year Compared to the first quarter period (mid-Ashwin 2077) of the current Fiscal Year. In the same period, the improvement was about 7 percent, 15 percent and 335 percent increment respectively.