FJ Benjamin loss widens in Q2

DISCONTINUING some brands and businesses dented results for clothes retailer FJ Benjamin in its second quarter.

Net loss deepened to S$7.3 million, from a net loss of S$3.7 million in the previous year, the group said in a Singapore Exchange filing on Tuesday evening. That was worsened by a forex loss of S$3.2 million in the quarter due to the strengthening of the greenback against the Singapore dollar and Malaysian ringgit.

For the three months ended Dec 31, revenue fell 11.9 per cent to S$62.5 million from the preceding year. Loss per share deepened to 1.28 Singapore cents, from a loss per share of 0.65 Singapore cent in the previous year.

FJ Benjamin shares fell S$0.004 or 6.9 per cent to S$0.054 on Tuesday before the results were out.