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 2024 (26).
- (Q3 Un-audited): EPS was Tk. (1.86) for July-September 2024 as against Tk. 0.88 for July-September 2023; EPS was Tk. 0.5
(Q3 Un-audited): EPS was Tk. (1.86) for July-September 2024 as against Tk. 0.88 for July-September 2023; EPS was Tk. 0.51 for January-September 2024 as against Tk. 6.73 for January-September 2023. NOCFPS was Tk. (7.36) for January-September 2024 as against Tk. 8.17 for January-September 2023. NAV per share was Tk. 31.05 as on September 30, 2024 and Tk. 34.03 as on December 31, 2023. Reasons for significant deviation: (cont.1)
- (Cont. news of SINGERBD): While the turnover has increased by 8.4\% in 2024, GP margin has decreased by 2.2\% compared t
(Cont. news of SINGERBD): While the turnover has increased by 8.4\% in 2024, GP margin has decreased by 2.2\% compared to Q3 2023. The reasons for the decreased GP margin are the increase in sales of trade goods including locally sourced products due to the forex crisis, higher discounts, and promotional activities to materialize the sales Besides, product SKU & sales channel mix have also impacted margin negatively. Operating profit has decreased by 31.4\% compared to (cont.2)
The first part of this announcement is missing from the archive. - (Cont. news of SINGERBD): Q3 2023 due to mainly increase in advertisement & sales promotion (some initiatives will resul
(Cont. news of SINGERBD): Q3 2023 due to mainly increase in advertisement & sales promotion (some initiatives will result in Q4 and onward), shop operating expenses including new shops, rent, bad debts, office administrations, and repair & maintenance expenses of the new factory. The overall operating expenses has increased by 20.0\% compared to Q3 2023. Finance costs also have increased by 103.0\% due to an increase in utilization of short-term borrowing by 55.3\% in Q3 2024 coupled (cont.3)
The first part of this announcement is missing from the archive. - (Cont. news of SINGERBD): with the increased interest rates by more than 47.0\% compared to last year. Though Income tax
(Cont. news of SINGERBD): with the increased interest rates by more than 47.0\% compared to last year. Though Income tax expenses have decreased by 76.2\% but the effective tax rate has resulted in 27.8\% higher in Q3 2024 as opposed to Q3 2023. NOCFPS declined in Q3 2024 and stood at (7.36) against 8.17 in Q3 2023. Increased supplier payments in line with annual targets to support the availability of inventory (both raw material and finished goods) (cont.4)
The first part of this announcement is missing from the archive. - Q3 Financials
(Cont. news of SINGERBD): mainly cause the cash flow to turn negative, Besides, sales target was not achieved as per target/budget and thus collection from sales proceeds was lower which impacted operating cash flow adversely. Additionally, as the business model is hire purchase in nature, slower credit collection from dealers and institutions effects the cash flow also. (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 22, 2024 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Third Quarter (Q3) period ended September 30, 2024.
- (Q2 Un-audited): EPS was Tk. 2.58 for April-June 2024 as against Tk. 4.72 for April-June 2023; EPS was Tk. 2.37 for Janu
(Q2 Un-audited): EPS was Tk. 2.58 for April-June 2024 as against Tk. 4.72 for April-June 2023; EPS was Tk. 2.37 for January-June 2024 as against Tk. 5.85 for January-June 2023; NOCFPS was Tk. 5.93 for January-June 2024 as against Tk. (2.58) for January-June 2023. NAV per share was Tk. 32.90 as on June 30, 2024 and Tk. 34.03 as on December 31, 2023. (cont.)
- Q2 Financials
(Continuation news of SINGERBD): Reasons for deviation in NOCFPS: Despite the business model is hire purchase in nature, improved credit collection from dealers and institution, the impact of the two festival in the preceding three month effects the cash flow most. Besides controlling payments for imports, it also surges the operating cash flow. (end)
The first part of this announcement is missing from the archive. - Reschedule of Board Meeting under LR 16(1)
The Company has further informed that the meeting of the Board of Directors of the Company as per Regulation 16(1) of the Dhaka Stock Exchange (Listing) Regulations, 2015, will be held on July 25, 2024 at 02:15 PM instead of July 22, 2024 to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended June 30, 2024.
- 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 22, 2024 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended June 30, 2024.
- Relocation of Corporate Office
The company has informed that the Corporate Office of the company has relocated to the following address from May 20, 2024: Gulshan Centre Point (21st Floor), House No. 23-26, Road No. 90, Gulshan-2, Dhaka-1212, email: [email protected], Contact: 16482 (Help Line), 02226601724.
- Dividend Disbursement
The Company has informed that it has disbursed the Cash Dividend for the year ended December 31, 2023 to the respective shareholders.
- (Q1 Un-audited): EPS was Tk. (0.21) for January-March 2024 as against Tk. 1.13 for January-March 2023. NOCFPS was Tk. (3
(Q1 Un-audited): EPS was Tk. (0.21) for January-March 2024 as against Tk. 1.13 for January-March 2023. NOCFPS was Tk. (3.84) for January-March 2024 as against Tk. (10.11) for January-March 2023. NAV per share was Tk. 33.82 as on March 31, 2024 and Tk. 34.03 as on December 31, 2023. (cont.1)
- (Continuation news of SINGERBD): Reasons for deviation: GP margin has decreased by 1.4\% compared to Q1 2023. The reason
(Continuation news of SINGERBD): Reasons for deviation: GP margin has decreased by 1.4\% compared to Q1 2023. The reasons for the decreased GP margin are the increase in sales of trade goods including locally sourced products due to the forex crisis, higher discounts, and promotional activities to materialize the sales. Besides, product SKU & sales channel mix have also impacted margin negatively. Operating profit has decreased by 40.0\% compared to Q1 2023 due to mainly (cont.2)
The first part of this announcement is missing from the archive. - (Continuation news of SINGERBD): increase in advertisement & sales promotion (some initiatives will result in Q2 and onw
(Continuation news of SINGERBD): increase in advertisement & sales promotion (some initiatives will result in Q2 and onward), shop operating expenses, including new shops, rent, bad debts, repair & maintenance expenses of the new factory. Finance costs also have increased (by 44.7\%) due to an increase in utilization of short-term borrowing by 30.5\% in Q1 2024 coupled with the increased interest rates by more than 3.5\% compared to last year. (cont.3)
The first part of this announcement is missing from the archive. - Q1 Financials
(Continuation news of SINGERBD): Though Income tax expenses have decreased by 58.7% but the effective tax rate has resulted in significantly higher in Q1 2024 as opposed to Q1 2023 due to minimum tax requirement. (end)
The first part of this announcement is missing from the archive. - Credit Rating Result
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 based on audited financial statements up to December 31, 2023, and other relevant quantitative as well as qualitative information up to the date of rating.
- 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 24, 2024 at 05:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended March 31, 2024.
- BEZA approves the trial production of Home Appliances Plant
Refer to their earlier news disseminated by DSE on 02.06.2022 regarding agreement to establish new manufacturing complex, the company has further informed that the Bangladesh Economic Zones Authority (BEZA) has approved the trial production of Singer Bangladesh Limited-Home Appliances Plant located at the Bangladesh Special Economic Zone (BSEZ) at Araihazar, Narayangonj.
- Intimation of venue of AGM
Refer to their earlier news disseminated by DSE on 30.01.2024 regarding dividend declaration, the company has further informed the venue of the 44th AGM: The AGM of the company will be held on Thursday, March 28, 2024 at 2:00 PM through Hybrid System in combination of physical presence (Emmanuelle's, House no. 8, Road no. 135, Gulshan 1, Dhaka-1212 and using digital platform (https://singer.bdvirtualagm.com).
- Resumption after Record date
Trading of the shares of the company will resume on 25.02.2024.
- Suspension for Record date
Trading of the shares of the company will remain suspended on record date i.e., 22.02.2024.
- Spot News
Trading of the shares of the company will be allowed only in the Spot Market and Block transaction will also be settled as per spot settlement cycle with cum benefit from 19.02.2024 to 20.02.2024 and trading of the shares will remain suspended on record date i.e., 22.02.2024.
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (30.01.2024) following its corporate declaration.
- Dividend Declaration
The Board of Directors has recommended 35% cash dividend for the year ended December 31, 2023. Date of AGM: 28.03.2024, Time: 2:00 PM, Venue: Hybrid, Record Date: 22.02.2024. The Company has also reported EPS of Tk. 5.24, NAV per share of Tk. 34.03 and NOCFPS of Tk. 22.76 for the year ended December 31, 2023 as against Tk. 0.73, Tk. 29.97 and Tk. 18.19 respectively for the year ended December 31, 2022.
- 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 29, 2024 at 3:15 PM to consider, among others, audited financial statements of the Company for the year ended December 31, 2023.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.