Post Reply
1-20 of 2124
FJ Benjamin FY2025 red ink widens to $16.6 million
Retailer FJ Benjamin Holdings' FY2025 net loss has widened to $16.6 million from $6.1 million in the preceding year ended June 2024.
Revenue in the same period was down 24% y-o-y to $60.46 million, due partly to the closure of non-profitable stores, as well as persistently weak consumer sentiment.
" A strong Singapore dollar further contributed to increased outbound travel and overseas spending, dampening domestic retail demand," the company says.
The company managed to cut costs via a combination of reducing headcount, closing stores, reduce marketing and so on.
FJ Benjamin says that the retail sector continues to face headwinds amid weak consumer demand, rising operating costs and intensifying competition, particularly in its key markets of Singapore and Malaysia.
Currency volatility and the ongoing shift in consumer spending patterns, including increased overseas purchases, are expected to continue influencing market dynamics.
On Sept 5, FJ Benjamin announced that it will stop carrying Guess, a US fashion brand by end of 2025.
" Given that Guess is a significant brand within the group&rsquo s portfolio, the board expects that the anticipated cessation of this brand relationship will have a material impact on the group&rsquo s performance for the financial year ending June 30 2026," says FJ Benjamin.
FJ Benjamin says it will place its emphasis on right-sizing its operations to improve operational efficiency.
It will also actively pursue new growth opportunities across both retail and food & beverage segments and explore strategic collaborations to support expansion into more cost-efficient markets.
" Going forward, the group remains committed to curating a portfolio of brands aligned with local consumer preferences, while executing a strategic roadmap focused on long-term profitability and sustainable growth," says FJ Benjamin.
FJ Benjamin ends retail and distribution partnership with Guess Europe for Malaysia, Indonesia markets
FJ Benjamin will stop retailing and distributing Guess products in Malaysia and Indonesia by Dec 31, says the SGX-listed group on Sept 5.
This comes after the group&rsquo s wholly-owned subsidiary, FJ Benjamin (Singapore), and Guess Europe Sagl, have mutually agreed to end their relationship.
According to the group, the retail and distribution of Guess products is with FJ Benjamin (M), the group&rsquo s subsidiary in Malaysia and PT Gilang Agung Persada, the group&rsquo s associated company in Indonesia.
These companies will each enter into a sale and purchase agreement with the new distributor for Malaysia and Indonesia.
As Guess is a &ldquo significant&rdquo brand within FJ Benjamin&rsquo s portfolio, the group expects that the move is likely to have a material impact on its financial results.
&ldquo The board wishes to thank Guess for its long partnership and will work together with the new distributor to ensure a seamless transition of the Guess business,&rdquo says the group.
good news siah
tankoksee ( Date: 19-Aug-2025 13:13) Posted:
|
F J BENJAMIN SECURES EXCLUSIVE RIGHTS FOR LA VIE EN ROSE IN MALAYSIA AND SINGAPORE SINGAPORE, 18 August 2025 &mdash F J Benjamin Holdings Ltd (&ldquo FJB&rdquo , and together with its subsidiaries &ldquo Group&rdquo ) is pleased to announce that its wholly-owned subsidiary, F J Benjamin (M) Sdn. Bhd., has signed an exclusive retail agreement with La Vie en Rose InternaƟ onal Inc., (&ldquo Agreement&rdquo ) securing the rights to operate the la Vie en Rose brand in Malaysia and Singapore. The Agreement shall become effecƟ ve as of 15 October 2025 and shall remain in effect for an iniƟ al term of five (5) years with opƟ ons, subject to mutual agreement, to renew for up to four (4) addiƟ onal five (5) year periods. Douglas Benjamin, Group Chief ExecuƟ ve Officer (&ldquo CEO&rdquo ) of FJB, said the Group is &ldquo honoured to partner with such an esteemed company,&rdquo adding that, &ldquo La Vie en Rose offers an impressive range of lingerie and loungewear, led by a capable and pragmaƟ c team. The brand has wide demographic appeal and we&rsquo re eager to begin this journey together.&rdquo Alessandro Caruso, CEO of La Vie en Rose InternaƟ onal Inc., called FJB &ldquo a well-established and trusted group in Southeast Asia,&rdquo and noted that, &ldquo Their operaƟ onal strength and market knowledge make them an ideal partner. We&rsquo re confident they&rsquo ll help us build a strong footprint in both Malaysia and Singapore.&rdquo
tankoksee ( Date: 17-Jul-2025 11:21) Posted:
|
nta 29
tankoksee ( Date: 17-Jul-2025 10:58) Posted:
|
wow ..panic buying..20 otw..
SmallSmall ( Date: 17-Jul-2025 09:14) Posted:
|
Playing old economy stocks ah? $0.011 +$0.002 vol 5.5 mil
Cheap cheap to push justy like Oxpay
Chiong ah
Cheap cheap to push justy like Oxpay
Chiong ah
give some dividends like parkson le...
tankoksee ( Date: 15-May-2025 16:07) Posted:
|
parkson retail............rocket!!!!!!!!!!!!
MrBear12 ( Date: 18-Sep-2024 14:52) Posted:
|
If you could take over and transform it that will be good.
HoldForever ( Date: 18-Sep-2024 12:46) Posted:
|
To market-maker/market manipulator. We will NOT sell at 0.11/0.12/0.13/0.14/0.15
In fact looking forward for this stock to tank in order to scoop it up with both hands.
In fact looking forward for this stock to tank in order to scoop it up with both hands.
A really sad ending for this one which used to be in the 30 cent range some 15 years back? Used to be in fashion business myself but have become out of fashion.
How transient is fashion!
How transient is fashion!
FJ Benjamin sinks into $6.1 mil loss in FY2024
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.
Revenue for FY2024 was down 9% y-o-y to $78.4 million. Sales for the full year in Singapore and Malaysia were down 23% and 9% y-o-y respectively.
Gross profit margin dropped by 4.2 percentage points to 48% from 52.2% as the company had to drive sales with additional promotions amid weaker consumer demand.
Meanwhile, group operating expenses declined by 4% to $41.2 million in FY2023. This follows lower staff costs from store closures and lower staff commission among others.
Moving forward, the company will continue to manage costs and maximise market opportunities of its portfolio of fashion and wellness brands.
Hi, anyone know why FJ Benjamin dropped price today?
F J BENJAMIN&rsquo S FY2023 NET PROFIT UP 19% TO $3.5 MILLION &bull Group revenue rises 7% to $86.5 million in post-Covid-19 recovery, operating expenses 10% higher &bull Regional markets showing signs of weakness as economies slow
https://links.sgx.com/1.0.0/corporate-announcements/3Z528ODHNEGA82P1/95efa0a0d23dee34940140c19e71436a3374b1cefbeb00f6089d7c34567c3a2b
https://links.sgx.com/1.0.0/corporate-announcements/3Z528ODHNEGA82P1/95efa0a0d23dee34940140c19e71436a3374b1cefbeb00f6089d7c34567c3a2b
Sleep so long
Wanna buy cheap also difficult
Why
Sea limited drop like shit
Lazada n tictoc grab th papaya from sea ltd
If fj Ben Lazada listed will be a big cow
Let go 0.019
If can get lower also not bad since is cheap to
20 makan..24 otw..
tankoksee ( Date: 04-Aug-2023 10:17) Posted:
|
volumes coming...a spike soon?
piscesmonkey ( Date: 20-Jul-2023 17:11) Posted:
|