Company Briefs: FJ Benjamin Holdings
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...