| |
SINGAPORE : Retail group FJ Benjamin on Thursday said its net profit fell 31 per cent to S$14.8 million for the year to June.
This was despite top line growth of 33 per cent to S$342.4 million for the same period.
The contraction was the result of a currency translation reduction when declaring assets in foreign currencies, with no effect on cash flow.
Profit from operations rose 31 per cent to S$10 million.
The group saw weaker market sentiment and a slowdown in consumer spending in its key markets.
The retailer said it would go ahead with plans to bring its Raoul fashion brand to the US. - CNA/ms
|
