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Rationalisation helps FJB trim FY15 loss to S$17m

Store closures help yield productivity gains of remaining stores across region as revenue shrinks 20% to S$293.4m

Nisha Ramchandani

Published Thu, Aug 27, 2015 · 09:50 PM

Singapore

RETAIL and lifestyle group FJ Benjamin's net loss for the financial year ended June 30 (FY15) narrowed from S$22.1 million to S$16.99 million after it restructured its portfolio to focus on its core South-east Asian markets.

Revenue slid 20 per cent to S$293.41 million amid a challenging year on the back of reduced business in North Asia, currency volatility as well as lower tourist arrivals.

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