. Nepal Telecom’s net profit has declined in the first quarter of the current fiscal year. The company earned a net profit of Rs 1.32 billion in the first quarter of the current FY. The company’s net profit declined by 23.82 percent compared to the corresponding period of the previous FY. The company had posted a net profit of Rs 1.73 billion in the same quarter last year.
The company’s profit has decreased due to the decrease in income. In the first quarter of the current FY, the company’s income declined by 0.01 percent to Rs 8.67 billion. The company had posted a net profit of Rs 8.68 billion in the previous fiscal year.
The company’s financial income declined by 48.9 TAG_OPEN_div_8 9 percent to Rs 600.5 million during the period. In the previous fiscal year, the company had earned Rs 1.17 billion. Similarly, the company’s total income declined by 5.89 percent to Rs 9.47 billion in the review period. The company had posted a net profit of Rs 10.06 billion in the previous fiscal year.
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