Singer's profit rises 42pc in Q3

Singer Bangladesh's net profit increased 42 percent year-on-year to around Tk 36 crore in the third quarter ended on September 30.

The company's year-to-date turnover for the nine months ended September 30 also increased 21 percent.

Singer Bangladesh's Chairman Gavin Walker thanked its management and staff for their effort, as the company marked 118 percent rise in computer sales, 35 percent rise in panel televisions and 34 percent rise in washing machine in the period.

The company also achieved 33 percent rise in sales of air conditioners, 27 percent in refrigerators and 20 percent rise in furniture sales in the quarter, Singer Bangladesh said in a statement.

“It is fabulous that Singer can report strong growth and record festival sales. This was achieved despite the relentless rain and floods in many parts of the country which severely impacted much of our distribution network.”