FJ Benjamin Q2 net profit halved

DESPITE an 8 per cent increase in revenue to $104.6 million, international fashion retailer FJ Benjamin's net profit for the second quarter ended Dec 31, 2013 dropped 55 per cent to $586,000, compared to the previous year.

This was because of an exceptional gain from the company's sale of a leasehold property in Hong Kong last year, which led to a higher base in the same quarter last year.

Earnings per share fell to 0.1 of a cent from 0.23 cent a year ago.