Nepal Telecom sees first half profit jump 20%

17 Feb 2015

Nepal Telecom (NT) has posted a 20% rise in profits for the first half of its 2014-15 fiscal year, with profits increasing to NPR6.6 billion (USD65.5 million) in the six months to mid-January 2015. The positive performance was attributed to a decline in operation and maintenance costs plus lower licence and spectrum fees, with expenditure dropping from NPR12.2 billion in the first half of 2013/14 to NPR10.5 billion this fiscal year. Sales for the period climbed 1.5% year-over-year to NPR19.9 billion, the Himalayan Times reports citing a company statement. NT said it contributed NPR361.4 million to Nepal’s Rural Telecommunication Development Fund (RTDF) in the first half of the current financial year, up from NPR356.2 million a year earlier.

According to TeleGeography’s GlobalComms Database, NT controlled around 45.4% of the country’s wireless market at the end of 2014, while it is the dominant provider of fixed telephony and internet services.

Nepal, Nepal Telecom (NT)