The 29th Annual General Meeting of Singer Bangladesh Ltd. was held on Wednesday, April 29, 2009 at the National Shooting Complex at Gulshan,
Mr. Mahbub Jamil, Chairman, Singer Bangladesh Limited, presided over the meeting.
Members present in the meeting approved 30 percent cash dividend for the year 2008.
The Chairman in his address mentioned that 2008 experienced a record setting year for the Company. Singer increased its business by 24.75% and earned profit more than 50% compared to previous year. The Company opened 26 new retail stores in different places of the Country.
The Company contributed Tk. 1,32.10 crores to the National Exchequer in the form of Corporate Income Tax, Duties, Value Added Tax and other Taxes which was 22.31% higher than previous year.
During the year under review Singer introduced Eurotron Branded Electronic Cash Register (ECR) and PSTN Peoples Tel wireless telephone set with internet connection option.
The AGM of the Company became lively with the participation of a large number of members.
The accounts of the Company for the year ended December 31, 2008 were placed at the meeting and members made a critical review of the performance of the company. They were happy to note that the activities of the company increased significantly in 2008 and expected better results in the coming years.