Singer Bangladesh returned to quarterly profit after two years of heavy losses, but the home appliance maker’s continued first-half deficit and negative net asset value indicate that its recovery remains incomplete.
The company posted earnings per share (EPS) of Tk1.36 for the April-June quarter of 2026, compared with a loss per share of Tk3.11 in the same period a year earlier, according to a disclosure filed with the Dhaka Stock Exchange on Sunday.
For the first six months of 2026, however, Singer Bangladesh reported a loss per share of Tk4.24, narrowing from Tk6.61 a year earlier.
The quarterly rebound follows a sharp deterioration in the company’s profitability.
Singer Bangladesh posted net profits of Tk51.85 crore, Tk7.3 crore and Tk52.21 crore in 2021, 2022 and 2023 respectively before slipping into a Tk48.9 crore loss in 2024.
The loss widened more than fourfold to Tk2,24.92 crore in 2025, almost eroding the shareholders’ equity.
Net asset value per share stood at minus Tk2.55 at the end of June this year, reflecting pressure from accumulated losses.
The company’s net operating cash flow per share declined to Tk5.49 in the January-June period of 2026 from Tk12.52 a year earlier.
Singer attributed the decline to the nature of its hire purchase business, credit extended to dealers and institutions and seasonal effects.
The company expects operating cash flow to improve from the third quarter as business conditions recover.
Singer Bangladesh shares rose 2.86 per cent to close at Tk79.10 on the Dhaka Stock Exchange on Sunday.
