FJ Benjamin back in black in Q3 after disposal gain
STRUGGLING retailer FJ Benjamin managed to pull itself back into the black in its third quarter after a one-off disposal gain.
Net profit came in at S$33,000, a reversal from a net loss of S$5.1 million in the previous year, the group said in a Singapore Exchange filing on Friday evening. This was after it made a net one-time gain of S$1.5 million from selling its toilet-roll wholesaling business to Lam Soon.
For the three months ended March 31, revenue sank 18.8 per cent to S$49.5 million from the preceding year. The decline in revenue was due partly to absence of contribution from discontinued brands, it said.
Earnings per share came in at 0.01 Singapore cents, a reversal from a loss per share of 0.9 Singapore cents in the previous year.
FJ Benjamin shares were not traded on Friday. They last finished at S$0.056 on May 9.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
OpenAI inks licensing deal with People magazine publisher
Apple unveils new AI-focused chip in upgraded iPad Pro models
DBS CEO Piyush Gupta sells S$2.7 million worth of bank shares
Disney's surprise streaming entertainment profit offset by weaker TV business
Geely, Foretellix partner to jump-start self driving car development
US: Wall Street opens slightly higher on rate cut optimism