F J Benjamin posts notice of three consecutive years of losses

MAINBOARD-LISTED lifestyle brand F J Benjamin Holdings on Tuesday posted notice of three consecutive years of losses.

In an announcement after the market closed, F J Benjamin said that it has recorded "pre-tax losses for the three most recently completed consecutive financial years".

Its latest six-month average daily market capitalisation as at Monday is S$38.8 million.

F J Benjamin added that it will make an immediate announcement should it be placed on the Singapore Exchange watch list.

Companies will be placed on the list if they record pre-tax losses for the three most recently completed consecutive financial years, and an average daily market capitalisation of less than S$40 million over the last six months.