Reebonz’s profits fall in FY18 even as cash burn rate slightly improves

Reebonz’s profits fall in FY18 even as cash burn rate slightly improves

A red leather handbag sits in the window display of a Michael Kors Holdings Ltd. luxury store in Prague, Czech Republic, on Tuesday, Dec. 29, 2015. Photographer: Martin Divisek/Bloomberg

Singapore-based online e-commerce luxury items marketer Reebonz Holding Limited has reported a 164 per cent fall in profit in 2018 at minus $35.24 million while its full year revenue slid by 18 per cent to $88.38 million on a year-on-year basis, according to its annual financial earnings filing.

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