The profits of Singer Sri Lanka Plc, a prominent consumer durables retailer, surged by 47% to reach 2.1 billion rupees in the December quarter of 2025. This growth was primarily driven by the performance in home appliances and financial services, as per the company’s earnings report.
During the same period, revenue increased by 44%, totaling 35.9 billion rupees, while the cost of sales also rose by 44% to 22.9 billion rupees. Consequently, gross profits for the quarter escalated by 42% to 11.3 billion rupees. The operating profit experienced a significant rise of 47%, amounting to 4 billion rupees.
The group reported earnings of 1.73 rupees per share, a notable increase from 1.18 rupees per share in the corresponding quarter of the previous year.
Financial services and home appliances were key contributors to the profit before tax. Financial services witnessed a 55% increase, reaching 1.6 billion rupees, while home appliances saw a 27% rise, totaling 1.1 billion rupees.
On Tuesday, shares of Singer Sri Lanka closed 2.2% higher at 97.90 rupees. (Colombo/February 3rd/2026)
