Bangladesh Submarine Cable Company Limited (BSCCL) reported a 34.57 per cent increase in profit to Tk 65.47 crore in the first quarter of the 2022-23 financial year.

The state-run enterprise made a profit of Tk 48.65 crore during the same quarter a year earlier.

Thus, BSCCL reported earnings per share of Tk 3.97 for July-September, which was Tk 2.95 during the same quarter a year earlier, according to the unaudited financial statements.

It credited the increase in revenue and other incomes for the ordinary course of the business activities for the higher EPS.

The net operating cash flow per share rose to Tk 6.04 in the first quarter from Tk 5.87, while the net asset value per share increased to Tk 68.99 on September 30 and Tk 64.66 on June 30.

BSCCL is the lone entity permitted to connect the country with the rest of the world through undersea cables.