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F J Benjamin reverses into $1.7 mil net profit in 1HFY2023 as consumer demand returns

Khairani Afifi Noordin
Khairani Afifi Noordin • 2 min read
F J Benjamin reverses into $1.7 mil net profit in 1HFY2023 as consumer demand returns
The company is optimistic that the business upturn will be sustained in the near term supported by the return of Chinese tourists. Photo: Albert Chua/The Edge Singapore
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F J Benjamin Holdings (SGX:F10) has posted earnings of $1.7 million for its 1HFY2023 ended December, a reversal from a net loss of $1.3 million in the previous corresponding period.

The turnaround reflected higher sales volume as consumer demand returned in line with the abating of the Covid-19 pandemic.

Turnover rose 26% y-o-y to $45.7 million in 1HFY2023, with sales improving in all three markets — Singapore, Indonesia and Malaysia.

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