The company logged in profit of about Tk 78.3 crore for its last financial year, which runs from January to December. The countrywide shutdown was lifted on May 30 and Singer Bangladesh was raring to make the most of the pent-up demand for household appliances as well as need-based buying as consumers spent more time at home and bought appliances to ease household chores. Subsequently, Singer logged in profit of Tk 42.6 crore between July and September, up 1.7 per cent from a year earlier. Shares of Singer Bangladesh, which has been listed since 1983, closed at Tk 178.8 yesterday, down 0.2 per cent from the previous day. In 2020, Singer shares lost 2.1 per cent in value.

Source: Dhaka Tribune January 25, 2021 20:37 UTC