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March 27, 2015 6:59 AM ET

Multiline Retail

Company Overview of Singer (Sri Lanka) PLC

Company Overview

Singer (Sri Lanka) PLC operates in retail and wholesale marketing activities. The company markets domestic and industrial sewing machines, and general merchandise; consumer electronics, including televisions, audios, VCD, DVD, and other electronic products; white goods comprising refrigerators, washing machines, deep freezers, bottle coolers, air conditioners, and fans; kitchen-related products, such as table tops, gas ovens, rice cookers, microwave ovens, electric ovens, grinders, and blenders; digital media products consisting of computers, laptops, CDMA and cellular phones, and dialog satellite dishes; wood and layered furniture, sofa sets, and steel furniture; motor bikes and bicycles; a...

No. 80, Nawam Mawatha

Colombo,  02

Sri Lanka

Founded in 1877

1,762 Employees

Phone:

94 11 231 6316

Fax:

94 11 242 3544

Key Executives for Singer (Sri Lanka) PLC

Singer (Sri Lanka) PLC does not have any Key Executives recorded.

Singer (Sri Lanka) PLC Key Developments

Singer (Sri Lanka) PLC Appoints Ajith Paranavitane as Alternate Director

Ajith Paranavitane was appointed to the Board of Singer (Sri Lanka) PLC as an Alternate Director, with effect from November 13, 2014. Paranavitane is also currently responsible for IT operations at Singer Asia and is a Vice President of Singer Asia for Information Services. In December 1998, Paranavitane resigned from the Singer Group in order to pursue an employment opportunity in the United States. After working overseas for a year, he returned to Sri Lanka, rejoining the Singer Group as Deputy Director - Information Technology. His career progression continued with a subsequent promotion in January 2005 to the position of Director - Information Technology.

Singer Sri Lanka Reports Earnings Results for the First Nine Months of 2014

Singer Sri Lanka reported earnings results for the first nine months of 2014. For the nine months, the company reported group revenues of LKR 20.8 billion, a growth of 12% over the prior year. Revenue growth was driven primarily by significant gains in the retailer's Communication and Digital Media segment, as well as improvements in the country's business conditions. The company's revenue growth boosted its bottom line, with gross profit increasing by 10%. Singer Sri Lanka's net profit increased by a robust 29%. The Group's overall net profit, in the year to date, rose by 23%.

Singer (Sri Lanka) PLC Announces Resignation of V.G.K Vidyararne as an Alternate Director

Singer (Sri Lanka) PLC announced resignation of Mr. V.G.K Vidyararne as an Alternate Director of the company with effect from September 30, 2014.

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