It is a broadly described annual report of Bangladesh Submarine Cable Company Limited in the year of 2012. During the financial year 2012, the company’s gross profit Taka. 1,056,936,894. Operating profit Taka. 914,824,133. Net profit before taxation Taka. 838,690,377. Net profit after tax Taka. 748,360,910. The company received Tk.108 Crore proceeds from IPO and planned to adjust IDB loan and spent for IPO for 11.5 Crore and remaining amount had been used as working capital of the company to be utilized for SMW-5 Project.
The Comprehensive Income of the Company stands at Taka. 598.69 million during the year ended 30th June 2012. The Board of Directors recommends 30% (Cash 20% and Stock 10%) dividend for the year ended on 30th June 2012. Accordingly, there will remain an amount of Tk. 243.16 million in the form of Retained Earnings. These financial statements are presented in Bangladesh Taka (Taka/Tk/BDT) which is the company’s functional currency. All financial information presented in Taka has been rounded off to the nearest Taka.
More Annual Report of Bangladesh Submarine Cable Company Limited:
- Annual Report 2010 of Bangladesh Submarine Cable Company Limited
- Annual Report 2011 of Bangladesh Submarine Cable Company Limited
- Annual Report 2012 of Bangladesh Submarine Cable Company Limited
- Annual Report 2015 of Bangladesh Submarine Cable Company Limited
- Annual Report 2017 of Bangladesh Submarine Cable Company Limited
