FJ Benjamin’s losses almost double
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Clothing retailer FJ Benjamin has deepened its losses after discontinuing some brands and businesses during its second quarter.
Its net loss virtually doubled from S$3.7 million (US$2.6 million) in the same quarter a year ago to S$7.3 million. The group says the situation was worsened by a foreign exchange loss of S$3.2 million in the latest quarter due to the strengthening of the US dollar.
For the three months to December 31, revenue fell 11.9 per cent to S$62.5 million.
Questions & Answers
Q.What was FJ Benjamin's net loss in the latest quarter?
What was FJ Benjamin's net loss in the latest quarter?
The net loss for FJ Benjamin almost doubled to S$7.3 million in the latest quarter. This compares to S$3.7 million in the same quarter last year.
Q.Why did the group's financial situation worsen in the latest quarter?
Why did the group's financial situation worsen in the latest quarter?
The group's situation was worsened by a foreign exchange loss of S$3.2 million. This was due to the strengthening of the US dollar during the period.
Q.What was the company's revenue for the three months to December 31?
What was the company's revenue for the three months to December 31?
For the three months to December 31, FJ Benjamin's revenue fell by 11.9 per cent. Total revenue for the quarter was S$62.5 million.
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