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 2025 (17).
- Q3 Financials
(Q3 Un-audited): EPS was Tk. (4.81) for July-September 2025 as against Tk. (1.86) for July-September 2024; EPS was Tk. (11.42) for January-September 2025 as against Tk. 0.51 for January-September 2024. NOCFPS was Tk. 14.48 for January-September 2025 as against Tk. (7.36) for January-September 2024. NAV per share was Tk. 13.39 as on September 30, 2025 and Tk. 25.81 as on December 31, 2024. (cont.1) (Cont. news of SINGERBD): and the September 2025 closing rate has led to a significant increase in finance costs, primarily due to unrealized exchange loss on the IC loan from Arcelik. NOCFPS improved in Q3 2025 and stood at BDT 14.48 against BDT (7.36) in Q3 2024. Managing supplier payments with a prudent approach in the context of available resources and collection from sales proceeds was improved, which positively impacted operating cash flow. (end) (Cont. news of SINGERBD): Interest expenses on borrowing increased by 179.58% compared to Q3 2024. This increase is mainly due to interest charging on long-term loans (IC Foreign Loan and Syndicate loan) in place of capitalization from March 2025. The EUR vs. BDT exchange rate has depreciated by 4.2% since May 2025. This has significantly impacted unrealized exchange losses. The BDT 27.59 gap (23.5% depreciation) between the loan realization rate (cont.3) (Cont. news of SINGERBD): Reasons for deviation: While the turnover has increased by 15.2% in 2025, the GP margin has decreased by 1.8% compared to Q3 2024. The selling price could not be increased/adjusted to absorb the increased product's average cost, which led to a decrease in GP margin to remain competitive. Net Finance costs have also increased (by 118.9%) due to an increase in the utilization of short-term borrowing by 18.3% in Q3 2025. (cont.2)
- 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 23, 2025 at 3:00 PM to consider, among others, Un-audited financial statements of the Company for the Third Quarter (Q3) period ended September 30, 2025.
- Q2 Financials
(Q2 Un-audited): EPS was Tk. (3.11) for April-June 2025 as against Tk. 2.58 for April-June 2024; EPS was Tk. (6.61) for January-June 2025 as against Tk. 2.37 for January-June 2024; NOCFPS was Tk. 12.52 for January-June 2025 as against Tk. 5.93 for January-June 2024. NAV per share was Tk. 18.20 as on June 30, 2025 and Tk. 25.81 as on December 31, 2024. (cont.1) (Cont. news of SINGERBD): primarily due to unrealized exchange loss on the IC loan from Arcelik. These loans funded the construction of the new manufacturing unit at BSEZ, a strategic move expected to triple production capacity to achieve cost advantage, which will help to improve the company's profitability starting from the end of 2025. (end) (Cont. news of SINGERBD): This increase is mainly due to interest charging on long-term loans (IC Foreign Loan and Syndicate loan) in place of capitalization from March 2025. The EUR vs BDT exchange rate depreciated by 4.2% since May 2025. This has significantly impacted unrealized exchange losses. BDT 27.59 gap (23.5% depreciation) between the loan realization rate and the June 2025 closing rate has led to a significant increase in finance costs, (cont.5) (Cont. news of SINGERBD): have increased (by 175.1%) due to an increase in the utilization of short-term borrowing by 15.9% in Q2 2025, coupled with the increased interest rates by more than 1.00% compared to the 2nd quarter of 2024. Income tax expenses have decreased by 38.4% due to negative profit (net of minimum tax), which is reflected in deferred tax expenses in Q2 2025 as opposed to Q2 2024. Interest expenses on borrowing increased by 179% compared to Q2 2024. (cont.4) (Cont. news of SINGERBD): Besides, product SKUs and sales channel mix have also impacted margin negatively. Operating profit has decreased by 5.1% compared to Q2 2024 due to an increase in advertisement and sales promotion, bank charges, warranty expenses and demurrage costs for shipping detention and further contributed by lower GP. Increase in operating expenses (by 14.0% compared to Q2 2024) has also contributed to a decrease in operating profit. Net Finance costs also (cont.3) (Cont. news of SINGERBD): Reasons for significant deviation: Turnover has increased by 15.4% in 2025, GP margin has decreased by 1.7% compared to Q2 2024. Selling price could not be increased/adjusted to absorb the increased product's average cost, which led to a decrease in GP margin to remain competitive. Product's average cost has increased due to various offer/discount/promotional offers. (cont.2)
- Regarding export of first trial consignment
The Board of Directors of the company has approved the export of a trial consignment of Wire Harness to Beko Romania, a subsidiary of Arcelik A.S., Turkey (the company's ultimate parent). This significant milestone was achieved following the recent commercial operation of company's new, state-of-the-art home appliances plant, which highlights the company's new manufacturing capacity and marks the official launch of exports.
- 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 24, 2025 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the Second Quarter (Q2) period ended June 30, 2025.
- Dividend Disbursement
The Company has informed that it has disbursed the Cash Dividend for the year ended December 31, 2024 to the respective shareholders.
- Q1 Financials
(Q1 Un-audited): EPS was Tk. (3.50) for January-March 2025 as against Tk. (0.21) for January-March 2024; NOCFPS was Tk. 4.79 for January-March 2025 as against Tk. (3.84) for January-March 2024. NAV per share was Tk. 21.31 as on March 31, 2025 and Tk. 25.81 as on December 31, 2024. (cont.) (Continuation news of SINGERBD): NOCFPS improved in Q1 2025 and stood at Tk. 4.79 against Tk. (3.84) in Q1 2024. Controlling supplier payments in line with annual targets and collection from sales proceeds was improved which impacted operating cash flow positive. Additionally, as the business model is hire purchase in nature, credit collection from dealers and institutions effects the cash flow also. (end)
- 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 Negative outlook based on audited financial statements up to December 31, 2024, 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, 2025 at 3:00 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended March 31, 2025.
- Regarding approval to purchase of tangible assets
Refer to their earlier news disseminated by DSE on 28.01.2025 regarding dividend declaration, the company has further informed that it will consider, if thought fit, to pass the following resolution as a Special Business in the upcoming AGM of the company to be held on April 22, 2025. Special Business: "RESOLVED that the shareholders of Singer Bangladesh Limited hereby approved the addition of tangible assets for Taka 6,038,891,163 (cont.1) (Cont. news of SINGERBD): of more than 50% of total tangible assets as shown in the statement of financial position as of the end of the immediate preceding financial year of the company." (end) (Cont. news of SINGERBD): in Araihazar, Narayanganj. This Plant was approved by the Board of Directors on March 30, 2022, and the Price Sensitive Information was duly issued for this purpose. FURTHER RESOLVED that this resolution has been taken Pursuant to the Bangladesh Securities and Exchange Commission (BSEC, No. BSEC/CMRRCD/2009-193/10/admin/118, dated 22 March 2021 for obtaining shareholders' approval for the sale or purchase (cont.3) (Cont. news of SINGERBD): (Taka six billion thirty eight million eight hundred ninety one thousand one hundred sixty three only) from different unrelated parties with several transactions and out of which Taka 5,803,370,787 (Taka five billion eight hundred three million three hundred seventy thousands seven hundred eighty seven only) was for machinery equipment and construction of the new Home Appliances Plant at Bangladesh Special Economic Zone (BSEZ) (cont.2)
- Approval of BEZA for Commercial Operation of Home Appliances Plant
The company has informed that the Bangladesh Economic Zones Authority (BEZA) has approved the Commercial Operation Approval of Singer Bangladesh Limited-Home Appliances Plant located at the Bangladesh Special Economic Zone (BEZA) at Araihazar, Narayangonj on February 24, 2025.
- Resumption after Record date
Trading of the shares of the company will resume on 19.02.2025.
- Suspension for Record date
Trading of the shares of the company will remain suspended on record date i.e. 18.02.2025.
- 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 16.02.2025 to 17.02.2025 and trading of the shares will remain suspended on record date i.e., 18.02.2025.
- Dividend Declaration
The Board of Directors has recommended 10% cash dividend for the year ended December 31, 2024. Date of AGM: 22.04.2025, Time: 2:30 PM, Venue: Digital Platform, Record Date: 18.02.2025. The Company has also reported EPS of Tk. (4.91), NAV per share of Tk. 25.81 and NOCFPS of Tk. (7.96) for the year ended December 31, 2024 as against Tk. 5.24, Tk. 34.03 and Tk. 22.76 respectively for the year ended December 31, 2023. (cont.1) (Cont. news of SINGERBD): NAV per share decreased due to an increase in short-term borrowing from Tk. 8,142 million to Tk. 11,908 million to meet the increased working capital requirements. Further, the loss of Tk. 489 million for 2024 resulted in a decline in equity. NOCFPS was (Tk. 7.96) in 2024 due to payment of costs and expenses increased than collections from sales. Holding of high inventory due to anticipated sales did not materialize and impacted cash flow negatively. (end) (Cont. news of SINGERBD): EPS declined significantly due to a net loss. This loss was mainly suffered from 137% increase in financing costs, primarily due to higher interest rates which went to Tk. 1,433 million in 2024 from Tk. 604 million in 2023. Besides, higher exchange losses to the extent of Tk. 247 million also contributed to incurring loss. Additionally, the growth in operating expenses and sales costs surpassed revenue growth. (cont.2)
- Price Limit Open
There will be no price limit on the trading of the shares of the Company today (28.01.2025) 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 27, 2025 at 3:30 PM to consider, among others, audited financial statements of the Company for the year ended December 31, 2024.
Source: Dhaka Stock Exchange announcements. Some posts before 2014 have no title, and 2014–2020 coverage is incomplete.