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Company Briefs: FJ Benjamin Holdings

Aug 29, 2019 - The Straits Times (Singapore)

Retailer FJ Benjamin Holdings returned to profitability in fiscal year 2019 after a sustained period of restructuring, with a net profit of $177,000, compared with a net loss of $1.24 million in fiscal year 2018.

Revenue for the full year ended June 30 fell 21 per cent year-on-year to $131.5 million from $166 million. This was partly due to a $29.3 million reduction in revenue from closing unprofitable businesses in fiscal year 2018.

The group's Indonesian associate also slowed do...