BSCCL declares 20pc cash dividend

Staff Correspondent

11 December, 2020 12:00 AM printer

BSCCL declares 20pc cash dividend

Posts & Telecommunications Division Secretary and Bangladesh Submarine Cable Company Limited (BSCCL) Chairman Md Afzal Hossain presides over the 12th annual general meeting of the company virtually on Wednesday.

Bangladesh Submarine Cable Company Limited (BSCCL) has approved 20 per cent cash dividend for its shareholders for the year ended on June 30, 2020.

The board of directors has approved the dividend at the company’s 12th annual general meeting through video conference, said a press release.

Posts & Telecommun ications Division Secretary and BSCCL Chairman Md Afzal Hossain presided over the meeting on Wednesday.

BSCCL directors Kulsum Begum, Khandker Md Abdul Hye, Col Rakibul Karim Chowdhury, and Dr. Md Mahbubul Alam Joarder, Independent Directors Hossain Khaled and NKA Mobin, and Managing Director Mashiur Rahman joined the webinar.

The total band with lease of the company advanced to 1102.72 GBPS in 2019-20 compared to that of 686 GBPS in the last year.

The company reported net profits of Tk 956 million in the financial year 2019-20.

The company’s share holders’ equity highly developed to Tk 6.75 billion in the financial year ending on June 30 this year.