F J Benjamin's FY2016 net loss widens by 35%

Douglas Benjamin, chief operating officer of fashion retailer FJ Benjamin.
Douglas Benjamin, chief operating officer of fashion retailer FJ Benjamin. PHOTO: F J BENJAMIN

SINGAPORE -Singapore-listed fashion and lifestyle group F J Benjamin Holdings reported on Friday that net loss for the full year further widened by 35 per cent to S$23 million.

Revenue for the 12 months to June 30 fell 14 per cent to S$253.6 million.

It said "sluggish consumer demand, restructuring costs and currency depreciation hurt its bottom line".

Yearly net loss per share was 4.04 cents, down from a loss of 2.99 cents a year ago.

Net asset value per share was 10.81 cents as at June 30, down from 14.94 cents a year ago.

The firm just announced on Thursday that it secure exclusive distribution rights to bring the Marc Jacobs brand to Singapore, Malaysia and Indonesia.

rachaelb@sph.com.sg