Nepal Telecom Continuously In Loss Nepal Telecom, a government-invested telecommunication company, has been continuously losing money. In the financial year 2080/81, there has been a huge decline in the company’s total income and net profit.
This year the total income of Telecom is 41 billion 61 crore 71 lakh 17 thousand rupees, which is 6.32 percent less than the previous financial year 2079/80.
In the previous year, the income of the company was 44 billion 42 million 36 lakh 18 thousand rupees. Although the net profit decreased in that year, the income of the company increased by 493.6 million rupees. But this time, the company’s financial performance has declined in both titles.
Similarly, in the year 080/81, the company’s total operating income was limited to 34 billion 46 million 11 lakh 35 thousand rupees, which is 4.99 percent less than the previous year.
Similarly, the company’s net profit has dropped to 6 billion 61 crore 77 lakh 76 thousand rupees, which is 16.44 percent less than the previous year, i.e. 1 billion 30 crore 23 lakh 78 thousand rupees. Even in the year 079/80, the net profit of the company decreased by more than 66 crore 62 lakh rupees.
The company’s profit before tax for the year 080/81 was Rs. 11 billion 37 million 98 lakh 4 thousand earned, which is the profit before tax of the last financial year Rs. 11 billion 84 crore is a decrease of 3.91 percent compared to 25 lakh 62 thousand.
Similarly, the third renewal fee for a GSM permit is Rs. It is said that the financial performance has declined due to the inability to manage resources for the payment of 20 billion and the change in the bank interest rate.
Reasons cited by Telecom for the decline in revenue and profit
- The growing use of OTT services has resulted in international service and interconnection income of around Rs.
- There is a decrease of 1 billion 43 crore 84 lakh 48 thousand. Also, OTT services have hurt the company’s overall voice/SMS service revenue.
- The company is spending more on service expansion and quality improvement in remote and remote locations, which has given less returns.
- Due to changes in the policy and rules related to service rate determination, the rate has been cut and the revenue has been adversely affected.
- Since the bandwidth required for service operation has been purchased at a lower rate than last year, the service operation expenses have decreased.
- The third renewal fee of the GSM license is Rs. 20 billion due to the inability to manage resources for payment of Rs. There is a decrease of 1 billion 29 million 73 million.
- Current A.V. Since the contribution-based pension plan has been implemented and other expenses have been accounted for, the profit of the company has been negatively affected.
