FJ Benjamin records pre-tax losses for third consecutive year

By

Benjamin Fitzgerald

Published
Sep 29, 2016

Singapore-listed lifestyle brand FJ Benjamin has recorded pre-tax losses for the third consecutive year, resulting in the likelihood of the firm being placed on the Singapore Exchange (SGX) watch list.

FJ Benjamin's average daily market capitalisation over the past six months has also fallen to $38.8 million, said the group in a statement.

The SGX Listing Manual states that issuers will go on the watch-list if their latest six-month average daily market capitalisation falls below $40 million and if they report three consecutive years of losses.

FJ Benjamin said it would make an immediate announcement should it be placed on the Singapore Exchange watch list.

Founded in 1959, FJ Benjamin Holdings is a fashion and apparel distributor brand manager. The firm has offices in Indonesia, Malaysia and Singapore, and manages more than 20 brands across 226 stores. In August, the group announced it had secured the Singapore and Malaysian rights to Marc Jacobs.