Corporate digest

FJ Benjamin Holdings

RETAIL group and luxury brand distributor FJ Benjamin Holdings reported a net loss of S$10.9 million for the full year ended June 30, sinking further into the red following last year's net loss of S$14.9 million.

This came as revenue fell 28 per cent to S$66.8 million for the same period, according to the Catalist-listed company's interim financial statements on Friday.

Loss per share was 1.14 Singapore cents, compared with 1.63 Singapore cents in FY2020.

The company said the Covid-19 pandemic has posed significant challenges for the fashion retail industry in the last 18 months and does not expect consumer spending in the group's key markets to recover to pre-Covid-19 levels anytime soon.

ISOTeam

CONSTRUCTION engineering firm ISOTeam has reported a net loss of S$14.5 million, despite an 8 per cent rise in revenue to S$99 million for the full year ended June 30, according to the Catalist-listed company on Friday.

In FY2020, it recorded a net loss of S$21.6 million.

Loss per share for FY2021 was 4 cents, compared with 7.11 cents in the previous financial year.

The company said it is expecting the next 12 months to be challenging as the Covid-19 situation remains fluid.

PEC

PLANT and terminal engineering specialist PEC reported a net profit of S$20.9 million in the full year ended June 30, reversing a net loss of S$12.8 million in its previous financial year.

This comes despite a 23 per cent fall in revenue to S$379.4 million during the same period.

Earnings per share stood at 8.2 Singapore cents, compared with a loss per share of 5 Singapore cents in FY2020.

Company directors have proposed a final dividend of 2.5 Singapore cents per share.

Silverlake Axis

FINTECH firm Silverlake Axis has secured a slew of contracts worth RM90 million (S$29 million) to deliver transformative digital innovation enhancement solutions to 28 of its existing customers and a new customer in the fourth quarter of its financial year ended June 30, the mainboard-listed company said on Friday.

The contracts are signed with banks and other organisations in Malaysia, Indonesia, Thailand, Vietnam, Brunei, China, Pakistan, Bulgaria, Bahrain, Slovakia and Bangladesh, it said.