Sales in Singapore and Malaysia were also down $400,000 after restating the $2.5 million currency translation loss due to the depreciation of MYR against SGD.
SINGAPORE (Aug 24): FJ Benjamin announced losses narrowed 24% to $17.4 million in FY17 from $23 million in FY16. Operating losses decreased 43% to $11.4 million.
Turnover decreased 18% to $207.5 million compared to $253.6 million last year, mainly due to the discontinuance of business that amounted to $22 million as well as a decrease in sales at its Indonesian associate company of $21.2 million.
