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FJ Benjamin sinks into $6.1 mil loss in FY2024

Khairani Afifi Noordin
Khairani Afifi Noordin • 1 min read
FJ Benjamin sinks into $6.1 mil loss in FY2024
Sales for the full year in Singapore and Malaysia were down 23% and 9% y-o-y respectively. Photo: Albert Chua/The Edge Singapore
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FJ Benjamin Holdings has posted a loss of $6.1 million for its FY2024 ended June, reversing from the earnings of $3.5 million in FY2023.

The net profit in FY2023 included a write back of allowance for expected credit losses of $625,000 and a foreign exchange gain of $666,000 compared to a foreign exchange loss of $142,000 recorded in FY2024.

For the 2HFY2024, the company recorded a loss before tax of $3.9 million, compared to a profit before tax of $2.1 million in the previous corresponding period.

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