SINGER (SRI LANKA)
STRONG GROWTH IN 2016
Singer (Sri Lanka) announced its results for the year ended 31 December 2016. The results showed excellent growth. Group revenue increased by 21 percent over the previous year to Rs. 46.9 billion and group net profit increased by 91 percent to Rs. 2,358 million. The growth in revenue and net income is primarily due to the significant initiatives and expansion undertaken by the group, including the launch of Singer’s own credit card with Visa, the launch of the new Singer Vista Smart TV range, the acquisition of Regnis (Lanka) and Singer Industries (Ceylon), and the expansion of Digital Media Corners in retail shops.