Singer sees profit fall in Q2

Singer Bangladesh, a leading home appliance manufacturer and retailer, posted 51.55 per cent lower profit in the second quarter of 2022.

Singer's earnings per share (EPS) were Tk 1.40 in the April-June quarter as against Tk 2.89 in the same period last year, the company said in a filing on the Dhaka Stock Exchange yesterday.

The EPS was Tk 2.31 in the January-June period against Tk 4.69 in the same period of 2021, down 50.74 per cent year-on-year.

Its net operating cash flow was Tk 36.07 in the negative in the first half of 2022 compared to Tk 36.92 in the negative during the same period of 2021.

Singer's net asset value, which represents the net value of an entity, was Tk 30.38 per share on June 30 this year and Tk 34.06 on December 31 last year.