November 26, 2014 11:18 PM ET

Multiline Retail

Company Overview of Singer (Sri Lanka) PLC

Company Overview

Singer (Sri Lanka) PLC operates in retail and wholesale marketing activities. The company markets domestic and industrial sewing machines, and general merchandise; consumer electronics, including televisions, audios, VCD, DVD, and other electronic products; white goods comprising refrigerators, washing machines, deep freezers, bottle coolers, air conditioners, and fans; kitchen-related products, such as table tops, gas ovens, rice cookers, microwave ovens, electric ovens, grinders, and blenders; digital media products consisting of computers, laptops, CDMA and cellular phones, and dialog satellite dishes; wood and layered furniture, sofa sets, and steel furniture; motor bikes and bicycles; a...

No. 80, Nawam Mawatha

Colombo,  02

Sri Lanka

Founded in 1877

1,637 Employees

Phone:

94 11 231 6316

Fax:

94 11 242 3544

Key Executives for Singer (Sri Lanka) PLC

Singer (Sri Lanka) PLC does not have any Key Executives recorded.

Singer (Sri Lanka) PLC Key Developments

Singer Sri Lanka Reports Earnings Results for the First Nine Months of 2014

Singer Sri Lanka reported earnings results for the first nine months of 2014. For the nine months, the company reported group revenues of LKR 20.8 billion, a growth of 12% over the prior year. Revenue growth was driven primarily by significant gains in the retailer's Communication and Digital Media segment, as well as improvements in the country's business conditions. The company's revenue growth boosted its bottom line, with gross profit increasing by 10%. Singer Sri Lanka's net profit increased by a robust 29%. The Group's overall net profit, in the year to date, rose by 23%.

Singer (Sri Lanka) PLC Announces Resignation of V.G.K Vidyararne as an Alternate Director

Singer (Sri Lanka) PLC announced resignation of Mr. V.G.K Vidyararne as an Alternate Director of the company with effect from September 30, 2014.

Singer (Sri Lanka) PLC Reports Unaudited Group and Company Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Singer (Sri Lanka) PLC reported unaudited group and company earnings results for the second quarter and six months ended June 30, 2014. For the quarter, on group basis, the company reported revenue of LKR 7,286,090,000 against LKR 6,377,826,000 for the same period last year. Profit before tax was LKR 210,119,000 against LKR 187,570,000 for the same period last year. Profit attributable to owners of the company was LKR 116,849,000 or LKR 0.93 per basic share against LKR 130,289,000 or LKR 1.04 per basic share for the same period last year. For the quarter, on company basis, the company reported revenue of LKR 6,820,751,000 against LKR 5,918,964,000 for the same period last year. Profit before tax was LKR 175,004,000 against LKR 174,347,000 for the same period last year. Profit attributable to owners of the company was LKR 143,708,000 or LKR 1.15 per basic share against LKR 144,055,000 or LKR 1.15 per basic share for the same period last year. For the six months, on group basis, the company reported revenue of LKR 14,027,415,000 against LKR 12,623,608,000 for the same period last year. Profit before tax was LKR 418,362,000 against LKR 468,036,000 for the same period last year. Profit attributable to owners of the company was LKR 246,724,000 or LKR 1.97 per basic share against LKR 306,229,000 or LKR 2.45 per basic share for the same period last year. Net cash from operating activities was LKR 570,645,000 against net cash used in operating activities of LKR 95,023,000 a year ago. Acquisition of property, plant & equipment and intangible assets was LKR 132,348,000 against LKR 331,662,000 a year ago. For the six months, on company basis, the company reported revenue of LKR 13,106,470,000 against LKR 11,745,254,000 for the same period last year. Profit before tax was LKR 286,919,000 against LKR 373,164,000 for the same period last year. Profit attributable to owners of the company was LKR 221,466,000 or LKR 1.17 per basic share against LKR 273,806,000 or LKR 2.19 per basic share for the same period last year. Net cash used in operating activities was LKR 416,994,000 against net cash used in operating activities of LKR 1,065,195,000 a year ago. Acquisition of property, plant & equipment and intangible assets was LKR 129,515,000 against LKR 297,133,000 a year ago.

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