Singer Bangladesh’s losses deepened in the first quarter of the fiscal year 2025, despite achieving higher sales.
The company reported a loss of Tk 34.89 crore for the January–March quarter, a significant increase compared to a loss of Tk 2.11 crore during the same period a year earlier.
However, sales rose by 39 percent year-on-year to Tk 557.85 crore in Q1, according to its financial statements.
Loss per share stood at Tk 3.50 in the first quarter of 2025, compared to Tk 0.21 in the corresponding quarter of 2024.
The company’s net operating cash flow per share (NOCFPS) improved to Tk 4.79, from a negative Tk 3.84 year-on-year.
Singer attributed the improvement in NOCFPS to better control of supplier payments in line with annual targets and improved collections from sales proceeds, according to a disclosure posted today on the Dhaka Stock Exchange (DSE).
As Singer operates a hire-purchase-based business model, better credit collection from dealers and institutions also contributed to the positive operating cash flow, the company added.
As of March 31, 2025, sponsors and directors held 57 percent of Singer’s shares, institutional investors held 30.11 percent, and the general public owned 12.88 percent, according to DSE data.
Singer has operated in Bangladesh since 1905. By 1920, it had expanded by opening shops in Dhaka and Chattogram. After Bangladesh’s independence in 1971, the company transitioned from being a branch of Singer Pakistan to a country office, and by 1979, it was registered as an operating company, according to its website.
Singer was listed on the DSE in 1983 and on the Chattogram Stock Exchange in 2001. Since diversifying into consumer durables in 1985, Singer has evolved into a multi-brand retailer, operating through a wide network of retail outlets, dealers, and corporate partners.
