Multinational companies operating in Nepal are reporting declining profits as political instability, changes in India’s tax policies, youth migration and currency depreciation continue to affect consumer demand and business costs.
Unilever Nepal, one of the country’s largest fast-moving consumer goods producers, reported a 10 per cent drop in net profit, earning Rs431 million in the second quarter of the current fiscal year. The company also recorded an 8.23 per cent fall in total income during the same period.