Nepal Telecom Reports Decline in Profit, Improvement in Operating Income

Nepal Telecom has published its financial results for the first six months of the current fiscal year, showing a significant decline in its net profit.

According to the financial statement released on Thursday, the company’s net profit has decreased by 12.98%, dropping to NPR 4.16 billion. In comparison, during the same period last year, the company earned NPR 4.78 billion in net profit.

Despite the decline in profit, there has been a slight improvement in the company’s operating income. Nepal Telecom reported that its total operating income has increased by 1.73%, reaching NPR 17.30 billion for the review period.

The company attributed the impact on its revenue and profit to the growing use of OTT (Over-The-Top) services such as Viber and WhatsApp, which have reduced the reliance on traditional telecom services.

While Nepal Telecom’s profit has declined, the improvement in operating income signals a positive trend. However, the company may need to adopt new strategies to tackle the increasing competition from OTT services in the future.