Nepal Telecom services income grows by 4.49%

Nepal Telecom (NT) has witnessed growth in its income from services by 4.49 per cent. Its unaudited financial report of the last fiscal year 2014-15 shows that the company earned Rs 37.18 billion.
The state-owned company’s income during the fiscal year 2013-14 was Rs 35.58 billion from services. This means the company has managed to post growth in its income from voice and data services, even though the company provided services worth Rs 1.46 billion for free immediately after the devastating quake of April 25.
The company’s total earning, including other incomes like interest on corporate bonds, debentures, pension fund and bank deposits in the last fiscal year stood at Rs 41.18 billion and net profit has gone up by double digits of 20 per cent in the last fiscal year to Rs 13.87 billion, against Rs 11.55 billion in the previous fiscal year.
However, the state-owned company has said that its net profit is subject to change depending on the decision regarding the GSM mobile licence renewal fee.
“The liability fee, if confirmed and quantified, will result in further cost to the company and hence, net profit after tax will be reduced,” as per the financial report.
As the government was yet to fix the revised rate of licence renewal fee, NTA in fiscal year 2013-14 had renewed its GSM mobile operating licence by paying only Rs 189 million against Rs 20 billion based on the existing provision. In the last fiscal year, the company’s expenditure came down to Rs 22.27 billion, down from previous fiscal year’s Rs 24.27 billion. This is solely because of decline in expense under the licensee fee.
As per the financial report, NT’s licence fee expense stood at Rs 64.73 million in the last fiscal year, while it was at Rs 3.35 billion in the corresponding year. All of its other expenses, including staff salary, operation and maintenance, administrative costs, royalty, contribution to Rural Telecommunication Development Fund, frequency fee and interest on subscribers have gone up.- Ktmpost

Nepse raises trading volume limit for brokers

The transaction volume at the stock exchange has shot up to a record high as brokers are able to undertake larger orders thanks to increased trading limit.

Today, Nepal Stock Exchange (Nepse)’s trading floor saw transactions worth Rs 515.8 million of 114 companies without any bulk transaction. The surge in turnover was coupled with the steep rise of the Nepse index. The continuous bullish rise of share prices pushed the index up to 677.8 points today — up by 16 points that is 2.42 per cent. This is the highest level the index has reached in the last 51 months.

NEPSE surged to 551.66 levels

Breaking its sluggish movement, the Nepse index today surged pass 550 levels to settle at 551.66 levels.

Defying its prior week’s trend of late volatility, the market today from the first hour of the trade rallied its way up and settle at day’s high.

Nepal Telecom announces Dashain & Tihar festival offer

Nepal Telecom has announced special offer on its services starting October 10.

The state-owned telco is offering 50 percent discount on SMS within its network from October 10 to October 18 and November 2 to 9.

NEPSE adds 0.14 points to close at 542

Continuing its lethargic movement, the secondary market of Nepal today made a gain of 0.14 points to conclude at 542 levels.

Free float index in NEPSE

Nepal Stock Exchange (Nepse) has been using float index and sensitive float index — the globally accepted best practice to make the secondary market index more realistic.
Free-float methodology refers to an index construction methodology that takes into consideration only the free-float market capitalisation of a company for the purpose of index calculation and assigning weight to stocks in index.

NEPSE at 550.29, dips by 1.26 points

The market today floated below the yesterday’s closing level for the entire day, suffering a loss of 1.26 points by end of the day.

Following the correction from the level of 551.6 level, the Nepse zigzagged its way between the range of 551 levels to 549.5 levels for the rest of the day before coming to close at 550.29 levels.

Nepse six months high at 552.17, NBB tops 3 straight days

After two days of correction, the Nepse index today steadied itself back again in the bullish path. In the preceding two days, the profit booking by investors had prevented the market from further incline despite of huge transactions.

Nepal Telecom to pay Rs 48 dividend per share

Nepal Telecom is set to pay out a dividend close to Rs 48 per share to its shareholders.

The telecom has earmarked Rs 61 crore 24 lakh 42 thousand for paying out dividends after setting aside the amount to be paid to the government. The dividend was set aside in NT’s budget for the FY 2070/71.

NEPSE at 539.05, Highest of 91 Trading Days

The growing expectation of investors continues to propel the Nepse index today also.

Starting from yesterday’s closing the market index persistently kept up with its bullish rally till the end of the today’s session attributing to 4.83 points surge.

With today’s progress, the local bourse came to settle at 539.05 levels which is 91 trading day’s high; last time it came across this level was in the month of March, 2013.

Nepal Telecom (NT) to add 2.91m phone lines this year

Nepal Telecom (NT) will add about 2.91 million telephone lines in the current fiscal year.

NT is planning to add two million mobile phone lines, said spokesperson of the state-owned company Gun Keshari Pradahn while announcing programmes for the year. “We are upgrading GSM service across the country by installing new BTSs and expanding 3G services,” she said. The company has a customer base of 8.94 million people, mostly in GSM service.

Nepal Telecom’s (NT) net profit declined by Rs 1 billion in 2012-13

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. The company paid Rs 2.5 billion to the government as the first instalment of Rs 20 billion licence renewal fee in January.

Nepal Telecom’s data market share rises to 46 percent

Nepal Telecom’s market share in the data segment has increased by 5 percentage points in the one year period between mid-June 2012 to mid-June 2013, supported mainly by the growth in the number of users of its GPRS, WiMax and ADSL services.
Ncell, however, remains the leader in the segment.

Expert views - Profitable Companies for long term investment.

I have always been advocating for long term investment. I would advise you to atleast hold for a period of 3-5 years and invest in those scripts which have been constantly providing dividends to its shareholders i.e. companies with good dividend history to make sure that you get returns on your investment for the duration of time you hold. Also make sure that the companies are the ones with high growth prospects, keeping in mind to diversify your portfolio.

Here is my list of companies that would be profitable in the long term:

Share market zoomed past 500 points this week

A surge in Nepal Telecom’s share prices and end-of-the-year scrambling by investors brought the capital market back from its stupor as the market zoomed past 500 points this week — July 7 to 11.

The benchmark index jumped by 12.86 points as share prices increased.

The price of Nepal Telecom (NT)’s shares increased by Rs 20 per unit that propelled the benchmark index up. NT comprises almost 24 per cent of total market capitalisation of Nepal Stock Exchange (Nepse).

Only two public enterprises (PEs), Nepal Telecom (NT) and Rastriya Banijya Bank (RBB) paid dividend to government

Of the 37 public enterprises (PEs) operating in the country, only two -- Nepal Telecom (NT) and Rastriya Banijya Bank (RBB) -- paid dividend to the government in the fiscal year 2011/12.

The Annual Review of PEs released by the Ministry of Finance (MoF) on Friday showed the government received Rs 6.26 billion in dividends, up from Rs 5.49 billion that it had received in 2010/11.

The government received only 6.11 percent returns on the investment that it made on PEs, majority of which are in red, in 2011/12. It invested Rs 102.41 billion in shares and Rs 101.23 billion in loan in the PEs until the end of the fiscal year 2011/12. Until 2010/11, its investment in shares and loan stood at Rs 92.19 billion and Rs 95.16 billion, respectively.

Competition makes telecom company give priority to customer care

Increased competition has prompted telecom companies to look at their customers with greater respect. They have started making customer care a priority with the mobile market gradually maturing. Nepal Telecom (NT) is scheduled to bring into operation its modern customer contact centre (CCC) within two months and Ncell has been expanding its centres nationwide.
After the rapid growth in the mobile market characterised by increased competition to attract new customers and retain existing ones, customer care has taken centre stage. The Nepal Telecommunications Authority (NTA) said that there were more than 20 million telephone subscribers in the country with the penetration rate reaching 77.77 percent last month.

Nepal Telecom (NTC) revamping customer care service & plans to install 500 Wi-Fi hotspots across the country.

Nepal Telecom (NT) is building a sophisticated Customer Contact Center to provide quality customer care services to all its customers.
The service, which will come into operation within two months, can be accessed by dialing 198 - a toll-free number.

Speaking at a talk program on Monday Lochan Lal Amatya, manager of NT´s Information Technology Directorate, said the centralized customer service center will support up to 500 voice calls at a time. It will provide technical support and necessary information to customers instantly, according to Amatya.
The service will remain operational round the clock.

At present, NT is using different toll-free numbers for customer care service. NT customers are dialing 197 for telephone enquiries, 198 to lodge PSTN and ADSL complaints, 1498 for GSM support and 4001640 for WiMAX service.

Nepal Telecom (NTC) to expand cheaper internet service nationwide.

Nepal Telecom (NT) has been endeavouring to expand cheaper internet service to all parts of the country. It plans to make its Sky Pro service available countrywide by October, and it is also engaged in two projects to extend its GSM 3G and WiMax services. Sky Pro is an IP CDMA technology-based voice-cum-data service. It will be the cheapest mobile data service (50 Paisa Per MB) having wide network coverage. The state-owned telecom giant has said that it will also set up 500 WiFi hotspots at airports and hospitals in various parts of the country.

Nepal Telecom (NT) to launch Fibre to the Home with services including voice, television.

Nepal Telecom (NT) is gearing up to launch a new project-Fibre to the Home (FTTH) in a bid to offer customers the fastest Internet as well as other value added services including voice, television.

As part of the FTTH project, the company will install equipment in 10 exchanges in Kathmandu, Biratnagar, Birgunj, Butwal, Pokhara and Bhadrapur to enable its system to provide the fibre cable service.

“The installation works in Sundhara and Naxal exchanges are near completion and we will start service as pilot one in some areas like Durbar Marg,” said Bhagat Man Singh Pradhan, deputy managing director at the NT. He added that the company was targeting to distribute the service from early next fiscal year 2013-14, starting with corporate clients in the initial phase. Considered as the best solutions for data service, the FTTH can carry high-speed broadband services integrating voice, data and video, and reach directly to home or building, for which it is also called Fiber to the Building (FTTB). The NT has already completed the installation of optical fibre links to the exchanges known as fibre to the exchanges (FTTE).