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24-May-2015
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20-Feb-2014
Notice for change Margin Loan Ratio

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Notice for Fund Withdrawal in Margin Account

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Notice for Affected Investors

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Notice for maintaining minimum purchase power in Margin Account

Daily Business News All Daily Business News
29 Jun 2014
STOCK WATCH :: Bangladesh Submarine Cable Company Limited (BSCCL)

Bangladesh Submarine Cable Company Limited is a core telecommunications service provider and international submarine cable operator of Bangladesh. The service provided by BSCCL represents the long-haul communication between Bangladesh and the rest of the world. Emerging in July 2008 as a public limited company under the Ministry of Posts and Telecommunications, Govt of Bangladesh, BSCCL operates and maintains Bangladesh’s submarine cable. BSCCL is a party on behalf of Bangladesh in the SEA-ME-WE-4 (South East Asia-Middle East-Western Europe-4) submarine cable and represents the nation in the SMW-4 international cable consortium. BSCCL has become a member of the newly formed SMW-5 Consortium to join in the newly planned submarine cable which will provide more capacity and redundancy for Bangladesh. BSCCL will soon start operations as IIG (international internet gateway) which should help the people to get broadband internet with cheaper rate and better quality of service. BSCCL is already in the stock market and one of the growing companies in the telecom sector of the country and is contributing to the revenue earning of the Government of Bangladesh. It is a leading company for implementation of National ILDTS and ICT policies to develop modern telenetwork and high speed broadband internet in Bangladesh. The submarine cable network is expected to be the main telecommunications infrastructure for ‘Digital Bangladesh’ by the year 2021. By providing high capacity fiber optic submarine cable bandwidth connecting the people of Bangladesh to the ‘Information Super Highway’, BSCCL is going to play a major role.

Bangladesh Submarine Cable Company Limited has been incorporated as a public limited company with the Registrar of Joint Stock Companies Bangladesh vide Registration No C-71845(4351)/08 dated 24th June 2008 under Companies Act 1994.

Vision of the company:

To be the premier company as submarine cable telecommunications service provider in nationwide bridging the digital divide and bringing internet to the door steps of the rural people of Bangladesh at affordable price.

Mission of the company:

1) To provide uninterrupted and quality broad-spectrum telecommunication services in transparent and competitive manner using state-of-the art technology

2) To provide bandwidth service for all kinds of international voice and data circuits through the submarine cable and optical fiber networks.

3) To connect Bangladesh to the global information super highway.

4) To strengthen the national ICT sector.

5) To help the people of Bangladesh getting full benefit of all the telecommunications and IT-related services.

As per un-audited quarterly accounts for the 3rd quarter ended on 31st March 2014 (Jan’14 to March’14), the company has reported net profit after tax of Tk 79.48 million with EPS of Tk 0.53 as against Tk 219.52 million and Tk 1.46 respectively for the same period of the previous year. Whereas net profit after tax was Tk 330.93 million with EPS of Tk 2.21 for the period of nine months (July’13 to March’14) ended on 31.03.2014 as against Tk 719.29 million and Tk 4.80 respectively for the same period of the previous year

Source :: Dhaka Stock Exchange (DSE)