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FJ Benjamin back in the black in FY19 with closure of loss-making units

Samantha Chiew
Samantha Chiew8/28/2019 5:55 PM GMT+08  • 2 min read
FJ Benjamin back in the black in FY19 with closure of loss-making units
SINGAPORE (Aug 28): FJ Benjamin reported earnings of $177,000 for FY19, reversing out of the red from a loss of $1.2 million in FY18.
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SINGAPORE (Aug 28): FJ Benjamin reported earnings of $177,000 for FY19, reversing out of the red from a loss of $1.2 million in FY18.

Revenue for the full year ended June was 21% lower at $131.5 million from $166.0 million a year ago but costs and expenses also went down.

In FY18, FJ Benjamin closed loss-making businesses which accounted for $29.3 million of the $34.5 million decline in revenue. There was also a $4.4 million reduction in sales due to the group’s Indonesian associate which had slowed down purchases.

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