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S$22.1m net loss for FJ Benjamin in FY14

The group puts this down to a slowdown in luxury spending and rising costs in Singapore

Published Fri, Aug 22, 2014 · 10:00 PM
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Singapore

FASHION retailer and timepiece distributor FJ Benjamin (FJB) has posted a net loss of S$22.1 million for its financial year ended June, with a record operating loss of S$12.9 million in the fourth quarter.

The group attributed its lacklustre financial performance to a slowdown in luxury spending in North Asia, coupled with rising costs in Singapore.

For FY2014, group turnover dipped 1 per cent to S$368.2 million; operating expe…

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