FJ Benjamin Q1 profit plunges 83%
Earnings hit by fair value loss on investment securities and forex losses
FJ Benjamin Holdings' first-quarter net profit tumbled 83 per cent, hit by a fair value loss on investment securities and foreign exchange losses.
Net profit in the three months ended Sept 30 plunged to $396,000 from $2.3 million in the year-earlier period, the Singapore-based retailer of brands such as Guess and Banana Republic said in a statement yesterday.
Sales rose 2 per cent to $96 million.
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