Singer’s profit rose 360% in three quarters

In the July to September quarter, its net profit stood at Tk8.77 crore

Singer Bangladesh posted a 360% profit growth in the January-September period of 2023 compared to the same period of the previous year.

In the first nine months of the running year, the company’s net profit after tax stood at Tk67.08 crore, which was Tk14.57 crore a year ago.

Besides, Singer’s earnings per share in the period stood at Tk6.73, which was Tk1.46 in the same period of the previous year.

Its net asset value per share stood at Tk35.71 at the end of September this year.

In the July to September quarter, its net profit stood at Tk8.77 crore, which was a loss of Tk8.50 crore a year ago.

This quarter, its earnings per share was Tk0.88, which was a per-share loss of Tk0.85 in the same period of the previous year.

The share price of the company closed at Tk151.90 on the Dhaka stock exchange on Thursday.


Source: The Business Standard

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Iram Hoque

Mohd. Iramul Hoque (Iram) completed his bachelor’s degree in Industrial Engineering in 2018 from Purdue University.

He joined Deloitte Consulting LLP as a Consulting Analyst based out of New York City having previously worked in similar roles at PricewaterhouseCoopers LLP & Landis+Gyr.

Iram left consulting and returned to Bangladesh to take up the family business. Realizing the opportunity in the capital market in Bangladesh, Iram worked relentlessly to found Columbia Shares & Securities Ltd in 2021.

Md Saiful Hoque

Md. Saiful Hoque received his bachelor’s degree in Civil Engineering from Columbia University in 1986 followed by a master’s degree from Texas A&M University in 1988. Upon completion of his Graduate Degree, he joined Gulf Interstate Engineering Company in Houston, USA serving as a Project Engineer.

He returned to Bangladesh in 1992 to join Columbia Enterprise Ltd., the family business of Shipping and Freight Forwarding services. In addition, he has built flourishing businesses manufacturing Garment’s Accessories and Fast-Moving Consumer Goods.