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Singer profit grows by 153% in H1

Staff Correspondent
20 Jul 2023 21:11:04 | Update: 20 Jul 2023 21:11:04
Singer profit grows by 153% in H1

Singer Bangladesh, a leading home appliance manufacturer and retailer, posted a 153 per cent higher profit in the first half of 2023.

The listed company’s net profit stood at Tk 58.3 crore in the January-June period of the current year, which was Tk 23.0 crore in the same period last year.

Singer's earnings per share (EPS) rose to Tk 5.85 in the January-June this year from Tk 2.31 reported for the same period one year ago, as per a media statement issued by the company on Thursday.

The EPS for the April-June quarter of 2023 was Tk 4.72 against Tk 1.40 for the same quarter of 2022.

The company’s net operating cash flow was Tk 2.58 negative in the first half of 2023 compared to Tk 34.05 negative during the same period last year, which marks a significant financial improvement.