SINGAPORE (Yosefardi) – F J Benjamin Holdings Ltd suffered a net loss of $5.0 million in the third quarter ended 31 March 2014 (3QFY14) against net profit of $332,000 in the same period last year.
Group revenue decreased marginally by 2% to $90.3 million from $92.6 million.
Lower spending by Indonesian tourists as a result of the depreciation of the rupiah against the Singapore dollar, also contributed to the dismal performance.
Indonesia continued to see growth with domestic sales rising by 9% while maintaining constant gross margin as upward revision was made to the retail pricing due to the currency depreciation.