Singer Bangladesh Ltd one of the leading manufacturers & marketer of home appliances and consumer electronics have recently published its annual report for the year 2020. As per the report, the revenue of the company was Tk 15,046.3 million which is a de-growth of -2.8% from 2019 (Tk 15,485.2 million).
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The decline in revenue is mainly due to the impact of Covid-19. Since the country was economically impacted by the pandemic the first spending which usually gets cut is the consumer durable products. Profit after tax was Tk 782.4 million in 2020 which was Tk 1,031.8 million in 2019 (De-growth of 24.2% YoY).