Singapore-listed lifestyle brand FJ Benjamin has posted notice of its third consecutive year of losses.
The listed company made its announcement after Tuesday’s market closing, saying its latest six-month average daily market capitalisation was S$38.8 million (US$28.5 million).
FJ Benjamin says it will make an immediate announcement should it be placed on the Singapore Exchange watch list.
Companies are placed on the list if they record pre-tax losses for the three most recently completed consecutive financial years, and an average daily market capitalisation of less than S$40 million over the previous six months.
Dating back to 1959, FJ Benjamin Holdings specialises in brand building and management through distribution and retail. With offices in Indonesia, Malaysia and Singapore, it manages more than 20 brands and has 226 stores. In August it announced it had secured the Singapore and Malaysian rights to Marc Jacobs.