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FJ Benjamin swings back to profitability in 3Q

PC Lee
PC Lee5/12/2017 06:43 PM GMT+08  • 1 min read
FJ Benjamin swings back to profitability in 3Q
SINGAPORE (May 12): FJ Benjamin reported 3Q net profit of $33,000 compared to a loss of $5.1 million a year ago.
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SINGAPORE (May 12): FJ Benjamin reported 3Q net profit of $33,000 compared to a loss of $5.1 million a year ago.

FJ Benjamin says the continued economic slowdown in its key markets coupled with weaker regional currencies, posed significant challenges to the group’s business in 3Q17.

Revenue fell 19% to $49.5 million partly due to the absence of brands and businesses which were discontinued during the intervening period.

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