Singer Bangladesh announces Q1’24 results

Business Report :
Singer Bangladesh Limited announced its unaudited results for the 1st quarter ended March 31, 2024.

The first quarter turnover increased to Tk400 crore compared to the previous year’s Tk370 crore, a growth of 7.3%.

Gross profit increased to Tk101 crore from Tk99.8 lakh, an increase of 1.7% from the previous year.

Gross profit margin for Q1 2024 was lower than last year by 1.4% because of an increase in the sale of trade goods, forex devaluation, higher discounts, and promotional activities.