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
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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.
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