Earnings Report /

Singer Bangladesh: 52% YoY profit decline because of margin dent and higher finance expenses

  • Increase in financial expenses & 402bps dent in margin are attributable decline in profit despite 9.4% sales growth.

  • Opex to sales ratio decreased because of decline in demurrage cost

  • We recommend HOLD with TP of BDT 170.0 (ETR 12.3%)

Tanay Kumar Roy
Tanay Kumar Roy

Research Analyst

IDLC Securities
24 July 2022
Published byIDLC Securities


Tellimer | Start Following

Start following your markets today

Follow your key analysts, markets and more so they appear here in your Watchlist - allowing you to keep an eye on the latest updates.