Kathmandu. Internet service provider Subisu Cable Limited’s business income has declined due to investment in telecommunication infrastructure and increasing burden of government salute fees and taxes.
The company last fiscal year 2080. It has a turnover of Rs 3.28 billion. Last year 2079. The company had a turnover of Rs 3.46 billion in 2018. Fiscal year 2078. The company had a turnover of Rs 3.77 billion in 2017.
With unhealthy competition among internet service providers in the domestic internet market, the size of the transactions of almost all internet service providers is shrinking. Subisu Cable Net’s transaction volume has been steadily declining for the past few years.
fiscal year 2080. Its total operating income declined by 5.20% in 1981. Total income has also declined, especially as income from projects has shrunk. fiscal year 2080. Due to intense competitive pressure on all incomes since 1981 and low average revenue per user due to the imposition of salute fees and rural telecommunication fund, the loss deduction and profit margin before tax has also decreased from 26.83 percent to 23.40 percent.
The company fy 2080. 81 earned 54 percent of the total income from retail customers (FY 2023: 52%) as compared to FY2081. In the first half of 1982, it improved further to ~65 percent. In addition, the contribution from TV services in the six months of the current financial year is 5 percent.
In the current fiscal year 2081, the amount of contribution to the Rural Area Development Fund has not been paid on time. In the first half of 1982, Subisu Cable had to pay Rs 314 million to the fund. Most of this money has been raised from bank loans. Surendra Bahadur Shrestha is the chairman of the six-member board of directors.
Subisu Cable has already expanded its services to 77 districts. Subisu Cable Net is the fourth largest service provider in terms of number of subscribers. According to The Nepal Telecommunication Authority( NTA), the total number of subscribers stood at 310,000 at the end of 2024 last year. Subisu Cable accounts for 10 percent of the total market share.
The company’s rating for banking loans of Rs 3.62 billion has dropped below the previous year. According to rating agency CARE Ratings, Care NP Double B-minus and Care NP 4 rating for short-term loans. The company has been removed from the monitoring list regarding agency rating.
