S$22.1m net loss for FJ Benjamin in FY14
The group puts this down to a slowdown in luxury spending and rising costs in Singapore
Singapore
FASHION retailer and timepiece distributor FJ Benjamin (FJB) has posted a net loss of S$22.1 million for its financial year ended June, with a record operating loss of S$12.9 million in the fourth quarter.
The group attributed its lacklustre financial performance to a slowdown in luxury spending in North Asia, coupled with rising costs in Singapore.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Bank of Japan upbeat on consumption, service price outlook
Brokers’ take: KGI initiates Winking Studios with ‘outperform’, S$0.34 target price
Delayed rate cuts expected to benefit Singapore banks’ otherwise uneventful Q1 earnings
Fast-fashion giant Shein wants to sell skincare, toothpaste and toys, too
Asia’s first spot Bitcoin and Ether ETFs gain in Hong Kong debut
Cromwell E-Reit posts 10.2% drop in indicative Q1 DPU to 3.505 euro cents