FJ Benjamin posts first quarterly loss since financial crisis

Singapore

F J Benjamin Holdings is closing down some of its stores here, having posted its first quarterly loss since the global financial crisis.

The retailer said net loss for the third quarter ended March 31 stood at $4.87 million, reversing from a net profit of $417,000 booked in the same period a year ago. This translated to a loss of 0.86 cents per share for the quarter, compared to earnings of 0.07 cents per share.