FJ Benjamin posts third loss in row
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Singapore-listed lifestyle brand FJ Benjamin has posted notice of its third consecutive year of losses.
The listed company made its announcement after Tuesday’s market closing, saying its latest six-month average daily market capitalisation was S$38.8 million (US$28.5 million).
FJ Benjamin says it will make an immediate announcement should it be placed on the Singapore Exchange watch list.
Companies are placed on the list if they record pre-tax losses for the three most recently completed consecutive financial years, and an average daily market capitalisation of less than S$40 million over the previous six months.
Dating back to 1959, FJ Benjamin Holdings specialises in brand building and management through distribution and retail. With offices in Indonesia, Malaysia and Singapore, it manages more than 20 brands and has 226 stores. In August it announced it had secured the Singapore and Malaysian rights to Marc Jacobs.
Questions & Answers
Q.What criteria would lead to FJ Benjamin being placed on the Singapore Exchange watch list?
What criteria would lead to FJ Benjamin being placed on the Singapore Exchange watch list?
The company would be placed on the list if it recorded pre-tax losses for the three most recent consecutive financial years and an average daily market capitalisation of less than S$40 million over the preceding six months.
Q.What is FJ Benjamin's business model and geographic presence?
What is FJ Benjamin's business model and geographic presence?
FJ Benjamin specialises in brand building and management through distribution and retail. It operates with offices in Indonesia, Malaysia, and Singapore, managing over 20 brands and 226 stores.
Q.Which new brand rights did FJ Benjamin recently secure?
Which new brand rights did FJ Benjamin recently secure?
In August, FJ Benjamin announced it had secured the rights for Marc Jacobs in both Singapore and Malaysia. This adds to the more than 20 brands it currently manages.
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