Home Capital Results

FJ Benjamin posts 32% drop in 2Q earnings to $0.66 mil on lower forex gain

Samantha Chiew
Samantha Chiew1/31/2019 05:47 PM GMT+08  • 2 min read
FJ Benjamin posts 32% drop in 2Q earnings to $0.66 mil on lower forex gain
SINGAPORE (Jan 31): FJ Benjamin announced that its 2Q19 earnings have declined by 32% to $656,000, compared to $961,000 in 2Q18.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (Jan 31): FJ Benjamin announced that its 2Q19 earnings have declined by 32% to $656,000, compared to $961,000 in 2Q18.

This came on the back of a 26% fall in turnover to $37.4 million from $50.5 million a year ago, mainly attributable to a the group’s discontinued loss-making business which has ceased operations and lower sales from its Indonesian associate who is now financing more of its purchase.

The decrease in revenue was partially offset by a 4% y-o-y increase in revenue from the group’s ongoing business.

×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.