FJ Benjamin posts wider net loss in Q3

Singapore

RETAIL and lifestyle group FJ Benjamin Holdings saw its net loss for the third quarter ended March 31, 2015, widen from S$4.87 million a year ago to S$6.98 million, as revenue fell on the back of restructuring efforts and softer demand.

Group turnover dropped 23 per cent to S$69.71 million as the corresponding quarter last year included S$12.4 million of sales from brands which have since been discontinued as part of its ongoing restructuring. Sales from existing brands declined S$2.1 million due to weaker demand as well as waning tourist arrivals in South-east Asia.