Singer incurs loss of Tk65.94cr in H1
Singer Bangladesh posted that it incurred a loss of Tk65.94 crore in the first half of this year.
According to the company's un-audited financial statement, its loss per share stood at Tk6.61 in January-June period of 2025. In the previous year at the same time, it had posted a net profit of Tk23.59 crore and earnings per share of Tk2.37.
During the period, its revenue grew by 15% to Tk1,368.70 crore, but higher operating cost and interest expenses against loans pushed the company into loss.
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The company said in its statement, selling price of the products could not be increased or adjusted to absorb the increased product's average cost, which led to a decrease in profit margin to remain competitive.
