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

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.