BSCCL’s profit jumps 31pc in 2021-22

Business Desk :
Bangladesh Submarine Cable Company Limited (BSCCL) posted more than 31 per cent higher profit in the year that ended on June 30.
This means the country’s lone submarine cable operator made a profit of Tk 229.38 crore in the last financial year. It was Tk 174.96 crore a year earlier.
Thus, BSCCL reported earnings per share of Tk 13.91 (diluted) in 2021-22 against Tk 10.61 (diluted) in 2020-21.
The company said EPS increased thanks to a rise in revenue and other incomes for the ordinary course of business activities. There were no significant extraordinary transactions in 2021-22, said the company in a filing on the Dhaka Stock Exchange (DSE) on Tuesday.
Its net asset value per share stood at Tk 64.66 in the last financial year, which was Tk 52.49 in 2020-21, while net operating cash flow per share rose to Tk 16.76, an improvement from Tk 14.18 a year earlier.