Singer Bangladesh saw its losses pile up in the first quarter of the fiscal year 2025 despite registering higher sales.

The company reported a loss of Tk 34.89 crore in the January-March quarter, a sharp increase from a Tk 2.11 crore loss in the same period a year earlier.

However, Singer's sales rose 39 percent year-on-year to Tk 557.85 crore in Q1, according to its financial statements.

Its loss per share stood at Tk 3.50 in the first quarter of 2025, up from a loss per share of Tk 0.21 in the corresponding quarter of 2024.

The company's net operating cash flow per share (NOCFPS) improved to Tk 4.79 from a negative Tk 3.84 year-on-year.

The improvement in NOCFPS was attributed to better control of supplier payments in line with annual targets and improved collections from sales proceeds, Singer said in a disclosure on the Dhaka Stock Exchange (DSE) today.

As Singer operates a hire purchase-based business model, credit collection from dealers and institutions also influenced the positive operating cash flow, it added.

As of 31 March 2025, sponsors and directors held 57 percent of Singer's shares, institutional investors had 30.11 percent, and the general public had 12.88 percent shares of the home appliances maker, according to DSE data.

Singer's operations in Bangladesh date back to 1905. It expanded its footprint by opening shops in Dhaka and Chattogram by 1920. Following Bangladesh's independence in 1971, the company transitioned from a branch of Singer Pakistan to a country office, and by 1979, it was registered as an operating company, as per its website.

Singer was listed on the DSE in 1983 and on the Chattogram Stock Exchange in 2001. Since diversifying into consumer durables in 1985, Singer has evolved into a multi-brand retailer operating through a broad network of retail outlets, dealers, and corporate partners.