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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