Bangladesh Submarine Cable’s profit jumps 8pc in Q3

Business Desk :

Bangladesh Submarine Cables PLC (BSCPLC) witnesses its profit grows in the January-March quarter of the fiscal year 2024-25 (FY25).

The state-run company reported an 8 percent year-on-year increase in profit to Tk 43.58 crore.
Its diluted earnings per share (EPS) stood at Tk 2.33 during the quarter, up from Tk 2.16 in the same period a year ago, the company said in a disclosure posted on the Dhaka Stock Exchange (DSE) website today.

Shares of the company went up 0.16 percent to Tk 122.3 as of 11:46 am today on the DSE.
However, its nine-month EPS from July 2024 to March 2025 dropped to Tk 6.83, down from Tk 8.99 in the corresponding period of the previous fiscal year.

The company said its net operating cash flow per share (NOCFPS) fell to Tk 7.83 in the first three quarters of the current financial year from Tk 14.06 over the same period a year ago.
BSCPLC attributed the fall in NOCFPS to lower collection of revenue and dues from customers and higher expenses compared to the previous year.