FINANCIAL CHRONICLE — For the quarter ending on June 30, 2026, Singer (Sri Lanka) announced a profit of 2.15 billion rupees, reflecting a substantial increase of 43.9 percent compared to the same quarter the previous year.
The company reported basic earnings of 1.84 rupees per share for this three-month period, a rise from 1.28 rupees per share recorded in 2025.
Group revenues experienced a significant boost of 41 percent, reaching 38.72 billion rupees, compared to 27.55 billion rupees in the corresponding quarter of 2025. This revenue growth was primarily driven by the home appliances division, which contributed 13.60 billion rupees, alongside the financial services sector, which added 7.18 billion rupees.
In addition, the digital products segment generated 6.93 billion rupees, while the automobile and other categories accounted for 4.72 billion rupees. The consumer electronics and furniture sectors contributed 3.64 billion rupees and 1.63 billion rupees respectively to the overall revenue.
The operating profit for the quarter increased by 59 percent to 4.80 billion rupees, despite the company facing a notable rise in direct interest expenses, which climbed to 2.37 billion rupees. Furthermore, net finance costs more than doubled during this time frame, reaching 971.85 million rupees.
Tax expenses also rose, increasing by 58 percent to 1.23 billion rupees due to the improved profitability. In light of these results, the Board of Directors announced a first interim dividend of 0.50 rupees per share on June 30, 2026.
As of June 30, 2026, the group’s total assets amounted to 188.80 billion rupees. The group experienced a net cash and cash equivalents increase of 437.30 million rupees during the quarter, bolstered by net cash flows from financing activities totaling 3.82 billion rupees.
Interest-bearing loans and borrowings stood at 58.05 billion rupees in current liabilities and 22.27 billion rupees in non-current liabilities. Additionally, bank overdrafts rose to 3.91 billion rupees, up from 2.73 billion rupees at the start of the financial year.
Shares of the company were trading at 77.50 rupees, reflecting an increase of 0.78 percent. (Colombo/August 11, 2026)
