FJ Benjamin's Q1 net profit tumbles 39% to $2.3m

FJ Benjamin Holdings said net profit for the first quarter ended Sept 30, 2012 fell 39% to $2.32 million from $3.81 million a year ago.

Turnover fell 2% to $94.29 million, hit by the general slowdown in North Asia.

Gross profit margin was flat at 43%.

Earnings per share were 0.41 cents, down from 0.67 cents a year ago.