SINGER’s 2020 Profit Jumps 167% to ฿443Mn as Sales Rise, Offering a Dividend of Bt0.15

Singer Thailand Public Company Limited (SINGER) has reported its yearly consolidated financial statement of 2020 through the Stock Exchange of Thailand as follows;

SINGER reported a profit of 443 million baht in 2020, making a record high and representing an increase of 166.9% from a net profit of 166 million baht in 2019.

Total revenue in 2020 increased from 2,610 million baht in 2019 to 3,660 million baht, which was the result from the major increase in revenue from sales of goods. The important increases for SINGER’s sales of good in the 12-month period were from top 5 products which were Fuel vending machines, Freezers, Air conditioners, TV and Washing machines.

Interest income from hire-purchase contracts and loans of the group increased by 219 million baht to 972 million baht, since expansion of the loans portfolio.

 

In addition, the Board of Directors approved a dividend payment of ฿0.15/share to be paid on May 21, 2021. The ex-dividend date is April 30, 2021.