Singer Bangladesh Limited noted record Eid al-Adha Festival Sales in 2018, whilst reporting its unaudited results for the quarter ended September 30, 2018 (Q3). The other highlights include:
Commenting on the 2018 Q3 results, Gavin Walker, Singer Bangladesh Chairman, noted, “Singer Bangladesh Limited continued to report strong growth and record festival sales, this was achieved despite heavy rain during summer in many parts of the country which affected our distribution network. We thank the Singer management and staff for their massive effort and commitment to achieve these great results in this challenging trading environment. The 23% increase in Q3 net income is most commendable with improved margins and lower costs”.
SINGER is the largest retailer of consumer durables in Bangladesh, with 384 company-owned stores. Singer commenced operations in the region in 1905, being famous for sewing machines and hire purchase finance.