Singer Bangladesh Limited announcements
330 Dhaka Stock Exchange announcements for Singer Bangladesh Limited (SINGERBD) since 2007: results, dividends, board meetings, AGMs, record dates and other price-sensitive information. Showing 2022 (26).
- (Q3 Un-audited): EPS was Tk. (0.85) for July-September, 2022 as against Tk. 1.28 for July-September, 2021; EPS was Tk. 1
(Q3 Un-audited): EPS was Tk. (0.85) for July-September, 2022 as against Tk. 1.28 for July-September, 2021; EPS was Tk. 1.46 for January-September, 2022 as against Tk. 5.97 for January-September, 2021. NOCFPS was Tk. (7.24) for January-September, 2022 as against Tk. (27.79) for January-September, 2021. NAV per share was Tk. 29.53 as on September 30, 2022 and Tk. 34.06 as on December 31, 2021. (cont. 1)
- (Continuation news of SINGERBD): The Company has also informed the reasons of Significant deviation in EPS, NOCFPS and N
(Continuation news of SINGERBD): The Company has also informed the reasons of Significant deviation in EPS, NOCFPS and NAVPS: Russia\'s invasion of Ukraine has depressed the prospects of a post-pandemic recovery. Economic activities remained depressed during the reporting period as freight, energy and food price shocks continued to impact adversely. These adversities have created uncertainty and consumers defer to purchase unless it is absolutely necessary. (cont. 2)
The first part of this announcement is missing from the archive. - (Continuation news of SINGERBD): Highly competitive market also creates pressure on product\'s price in this price sensi
(Continuation news of SINGERBD): Highly competitive market also creates pressure on product\'s price in this price sensitive consumers\' market. These have further fueled by significant deprecation of Taka against US Doller. As a result, import cost has been increased significantly. Increase of logistic costs worldwide creates pressures on commodity prices. Higher inflation for last couple of months leads price hike, which changes customer behavior towards purchasing of essential goods rather than (cont. 3)
The first part of this announcement is missing from the archive. - (Continuation news of SINGERBD): home appliances. Overall, 9 months\' result had fallen short of management expectation
(Continuation news of SINGERBD): home appliances. Overall, 9 months\' result had fallen short of management expectation and target. YTD Sep 2022 net income has decreased by 3.4\% from YTD Sep 2021 as a percentage of net revenue (from 4.5\% to 1.0\%) This decrease has largely resulted for negative income in Q3 2022 (-1.6\% from 2.8\% in Q3 2021). In Q3 2022, company has lost more than 5\% gross margin compared to the same quarter of last year due to significant cost increase which (cont. 4)
The first part of this announcement is missing from the archive. - (Continuation news of SINGERBD): could not be adjusted with selling price. Competition was not supporting for full scale
(Continuation news of SINGERBD): could not be adjusted with selling price. Competition was not supporting for full scale of price increase, as competitors were not re-acting in line with expectation. The achieved results Q3 2022 have been deviated than it was expected, although turnover has been increased by 12.8\% (YTD Sep 9.0\%) than Q3 2021. Import costs of raw material has increased which resulted increased cost of sales by 20.5\% (YTD Sep 14.9\%) (cont. 5)
The first part of this announcement is missing from the archive. - (Continuation news of SINGERBD): which could not be fully adjusted with selling prices and finally reduces gross profit
(Continuation news of SINGERBD): which could not be fully adjusted with selling prices and finally reduces gross profit by 4.0\% and operating profit by 3.2\% compared to Q3 2021. Finance costs has increased significantly by 46.0\% (YTD Sep 56.0\%) due to increase in interest rates from Q3 2021 and increase in use of OD amount (by 80.9\%) from Dec 2021 which was mainly high carryover inventory, although it seems that, income tax expenses (cont. 6)
The first part of this announcement is missing from the archive. - (Continuation news of SINGERBD): has increased by 32.7\% (YTD Sep decreased by 11.7\%); the effective tax rate has resul
(Continuation news of SINGERBD): has increased by 32.7\% (YTD Sep decreased by 11.7\%); the effective tax rate has resulted 30.8\% (YTD Sep 61.9\%.) higher than Q3 2021. The main reason is the for change in sales mix of trade goods and produced goods (sales of trade goods is in lower proportion) which has attract additional tax under relevant provision of tax laws. Finally, as a result of these reasons explained above, profit after tax and earning per share (EPS) has decreased by 166.8\% (cont. 7)
The first part of this announcement is missing from the archive. - (Continuation news of SINGERBD): (YTD Sep 75.5\%) compared to Q3 2021. In view of above NOCFPS has turned into negative,
(Continuation news of SINGERBD): (YTD Sep 75.5\%) compared to Q3 2021. In view of above NOCFPS has turned into negative, though it has improved significantly compared to YTD Sep 2021. Considering the nature of business in terms of hire purchase scheme, credit extended to dealers & institution and seasonal effects operating cash flow goes into negative. Besides, operating cash flows become negative as of Sep 2022, (cont. 8)
The first part of this announcement is missing from the archive. - Q3 Financials
(Continuation news of SINGERBD): although improved than that of 2021, mainly for less sales than expectation festival and seasonal sales. NAV per share has greatly reduced by 13.3% as at 30 Sep 2022 owing to higher liability resulted for higher bank overdraft and loans to finance the higher inventory and receivables outstanding as at reporting date. (end)
The first part of this announcement is missing from the archive. - Board Meeting schedule under LR 16(1)
As per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has informed that a meeting of the Board of Directors will be held on October 20, 2022 at 3:15 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended September 30, 2022.
- Emerging Credit Rating Limited (ECRL) has affirmed surveillance rating of the Company as \"AAA\" in the long term and \"
Emerging Credit Rating Limited (ECRL) has affirmed surveillance rating of the Company as \"AAA\" in the long term and \"ST-1\" in the short term along with a Stable outlook of the Company based on audited financial statements up to December 31, 2021, and other relevant quantitative as well as qualitative information up to the date of rating.
- (Q2 Un-audited): EPS was Tk. 1.40 for April-June 2022 as against Tk. 2.89 for April-June 2021; EPS was Tk. 2.31 for Janu
(Q2 Un-audited): EPS was Tk. 1.40 for April-June 2022 as against Tk. 2.89 for April-June 2021; EPS was Tk. 2.31 for January-June 2022 as against Tk. 4.69 for January-June 2021. NOCFPS was Tk. (36.07) for January-June 2022 as against Tk. (36.92) for January-June 2021. NAV per share was Tk. 30.38 as on June 30, 2022 and Tk. 34.06 as on December 31, 2021. (cont.)
- Q2 Financials
(Continuation news of SINGERBD): The company has also informed that EPS decreased due to COVID-19 pandemic circumstances along with essential commodity?s price hike, devaluation of BDT against USD, recent flood etc. NOCFPS has turned into negative due to above reasons, though it has improved slightly compared to previous year. (end)
The first part of this announcement is missing from the archive. - Board Meeting schedule under LR 16(1)
As per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has informed that a meeting of the Board of Directors will be held on July 19, 2022 at 3:30 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended June 30, 2022.
- Agreement to establish new manufacturing Complex
Refer to their earlier news disseminated by DSE on 31.03.2022 regarding decision to establish a new manufacturing facility, the Company further informed that they have entered into an agreement with Bangladesh SEZ Limited (BSEZ), Rupgonj, Araihazar, Narayanganj for lease of 35 acres of land to establish new manufacturing Complex.
- Dividend Disbursement
The Company has informed that it has disbursed the cash dividend for the year ended December 31, 2021 to the respective shareholders.
- (Q1 Un-audited): EPS was Tk. 0.91 for January-March 2022 as against Tk. 1.81 for January-March 2021. NOCFPS was Tk. (15.
(Q1 Un-audited): EPS was Tk. 0.91 for January-March 2022 as against Tk. 1.81 for January-March 2021. NOCFPS was Tk. (15.48) for January-March 2022 as against Tk. (16.12) for January-March 2021. NAV per share was Tk. 34.98 as on March 31, 2022 and Tk. 34.06 as on December 31, 2021.(Cont.)
- Q1 Financials
(Continuation news of SINGERBD): The Company has informed that EPS has decreased compared to Q1 2021 due to change in sales mix of trade goods and produced goods (sales of trade goods is in lower proportion) which has attracted additional tax under relevant provision of tax laws. (end)
The first part of this announcement is missing from the archive. - Board Meeting schedule under LR 16(1)
As per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has informed that a meeting of the Board of Directors will be held on April 19, 2022 at 2:30 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended March 31, 2022.
- Decision to establish a new manufacturing facility
(Continuation news of SINGERBD): The proposed manufacturing facilities would cater to the increasing local demand with a competitive price and would also contribute to the Company's growth. (end)
The first part of this announcement is missing from the archive. - Resumption after record date
Trading of the shares of the Company will resume on 17.02.2022 after record date.
- Suspension for Record date
Trading of the shares of the Company will remain suspended on record date i.e., 16.02.2022.
- Spot News
Trading of the shares of the Company will be allowed only in the Spot Market and Block transactions will also be settled as per Spot settlement cycle with cum benefit from 14.02.2022 to 15.02.2022. Trading of the shares of the Company will remain suspended on record date i.e., 16.02.2022.
- Dividend Declaration
The Board of Directors has recommended 60% cash dividend for the year ended on December 31, 2021. Date of AGM: 13.04.2022, Time: 11:00 AM, Venue: Digital Platform. Record Date: 16.02.2022. The Company has also reported EPS of Tk. 5.20, NAV per share of Tk. 34.06 and NOCFPS of Tk. (21.37) for the year ended on December 31, 2021 as against Tk. 8.06, Tk. 34.66 and Tk. 10.25 respectively for the same period of the previous year.
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (26.01.2022) following its corporate declaration.
- Board Meeting schedule under LR 19(1)
As per Regulation 19(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, the Company has informed that a meeting of the Board of Directors will be held on January 25, 2022 at 3:30 PM to consider, among others, audited financial statements of the Company for the year ended December 31, 2021.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.