Sri Lanka, Aug. 9 -- Singer (Sri Lanka) PLC results for Q1 ended June 30, 2019 indicated a Group revenue at 13.9 billion rupees, when compared to 15.1 billion rupees during the previous year.
The Group recorded operating profit of 1,065 million rupees for the Q1 compared to 1,284 million rupees realized during the previous year.Group administrative and selling expenses increased by 4 percent.
Group's profit before tax recorded 93 million rupees,resulting in 86 percent below the previous year.
Group's profit after tax was 52 million rupees in comparison to 450 million rupees achieved last year.
The overall slowdown in momentum due to consumers opting to postpone buying,the Easter Sunday attackscreating uncertainty andincome limitations u...