Nepal Telecom’s (NT) net profit declined by Rs 1 billion in 2012-13 even as its revenue increased to Rs 37.60 billion. The reason behind the fall in the profit is the payment of the first instalment of the licence renewal fee.
In 2011-12, the state-owned company had earned Rs 11.60 billion profits. In the year, its revenue was at Rs 36.79 billion. NT, which is also the largest tax paying company, has projected a net profit of Rs 10.59 billion for the last fiscal year. Read More....