F J Benjamin Swings to Attributable Loss in Fiscal H2

MT Newswires08-27

F J Benjamin (SGX:F10) swung to a loss attributable to equity holders of SG$4.0 million in the six months ended June 30, compared with an attributable profit of SG$1.8 million in the year-ago period, according to a filing with the Singapore Exchange on Monday.

Loss per share came in at SG$0.0034 per share, compared with earnings per share of SG$0.0015 in the comparable period.

The company's turnover was down 5% year over year to SG$38.8 million from SG$40.8 million, mainly due to weaker consumer sentiment and lower gross margin.

For the full fiscal year, the company booked an attributable net loss of SG$6.1 million, or SG$0.0052 per share, reversing the SG$3.5 million profit, or SG$0.0030 per share, a year prior.

Full-year revenue fell 9% year over year to SG$78.43 billion.

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