Dhaka, Jan. 29 -- Singer Bangladesh Limited has announced its audited financial results for the year ending December 31, 2024, reporting a net loss of Tk. 489 million. The company cited rising finance costs, currency depreciation, and economic challenges as key factors behind the decline.

Key Financial Highlights:

Revenue Growth: Revenue increased by 9.5 per cent to Tk. 18.7 billion from Tk. 17.0 billion in 2023. However, sales fell short of expectations due to weak consumer purchasing power amid sustained inflation.

Gross Profit & Margin: Gross profit increased by Tk. 43 million, but the GP margin declined to 26.5 per cent from 28.8 per cent, impacted by higher trade goods sales and forex-related losses.

Operating Expenses: Increased...