Singer (Sri Lanka) PLC 2023 AR2
The report highlights Singer (Sri Lanka) PLC's performance for the fiscal year 2022/23, during which the company navigated severe macroeconomic challenges in Sri Lanka, including import restrictions and high interest rates. Despite a 29% decline in consolidated revenue to Rs. 54.8 billion, the Group achieved an operating profit of Rs. 6.69 billion through dynamic pricing and cost management. Singer continued its commitment to sustainability by adopting the Hayleys Lifecode, reducing its carbon footprint by 11%, and collecting 17.9 metric tons of e-waste. Additionally, the company revamped its customer loyalty program with Singer Red Points and maintained its market leadership, winning the SLIM-KANTAR 'People Brand of the Year' for the 17th consecutive year.
Company: Singer (Sri Lanka) PLC
Sector: Consumer Discretionary
Country: Sri Lanka
Year: 2023
Type: AR2
Pages: 324
Singer (Sri Lanka) PLC
Annual Report
The report highlights Singer (Sri Lanka) PLC's performance for the fiscal year 2022/23, during which the company navigated severe macroeconomic challenges in Sri Lanka, including import restrictions and high interest rates. Despite a 29% decline in consolidated revenue to Rs. 54.8 billion, the Group achieved an operating profit of Rs. 6.69 billion through dynamic pricing and cost management. Singer continued its commitment to sustainability by adopting the Hayleys Lifecode, reducing its carbon footprint by 11%, and collecting 17.9 metric tons of e-waste. Additionally, the company revamped its customer loyalty program with Singer Red Points and maintained its market leadership, winning the SLIM-KANTAR 'People Brand of the Year' for the 17th consecutive year.
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Document Details
Report Year
2023
Reporting Period
Apr 1, 2022 - Mar 31, 2023
Fiscal Year
2023
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Scope 3:
Energy Consumption
Water Consumption
Women on Board
Women in Management
Employees