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Bangladesh Submarine Cables declared a 42.1 per cent year-on-year surge in profits in the first quarter of FY26 to Tk 619.10 million as revenue from its core business increased.
According to the filing on Sunday, the state-owned Bangladeshi telecommunications company reported a rise in earnings per share (EPS) to Tk 3.67 in July-September this year from Tk 2.54 in the same period of the previous year.
The Submarine Cablesis a state-owned company that manages the country's international submarine cable systems, playing a vital role in ensuring internet access and capacity.
Bangladesh's bandwidth consumption is increasing due to a growing number of internet users and higher data usage per person, particularly mobile data.
The pandemic has accelerated digital adoption. For instance, mobile data consumption per user reached 8.2 GB per month this year, and the total submarine bandwidth supply reached 4 terabytes per second in August.
Being the only company in Bangladesh that operates the country's international submarine cable landing infrastructure and provides international bandwidth and related telecom services, it has been benefiting from the growing bandwidth consumption in the country.
According to the company, the increase in EPS is the result of higher revenue and other income from ordinary business activities.
There were no significant extraordinary transactions during this period.
As the owner/operator of Bangladesh's submarine cable landing stations and a member/operator in major submarine cable consortia, the company supplies international bandwidth to domestic carriers, ISPs, and large corporates through these systems.
After the declaration, its share price increased by 6.18 per cent to Tk 125.8 on Sunday on the Dhaka Stock Exchange (DSE).
Besides earnings, its cash generation capacity also increased from Tk 1.17 in July-September 2024 to Tk 2.47 in July-September this year.
Net operating cash flows per share increased mainly due to ordinary business activities, according to the company.
Its net asset value per share rose from Tk 90.99 as of June 30 to Tk 94.66 by the end of September.
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