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Cortina posts 4% higher 4Q earnings of $8.1 mil due to improved margins

Michelle Zhu
Michelle Zhu5/24/2019 06:25 PM GMT+08  • 2 min read
Cortina posts 4% higher 4Q earnings of $8.1 mil due to improved margins
SINGAPORE (May 24): Cortina Holdings has announced $8.1 million in earnings for the 4Q ended March, growing 4% y-o-y from $7.8 million on the back of improved sales margins.
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SINGAPORE (May 24): Cortina Holdings has announced $8.1 million in earnings for the 4Q ended March, growing 4% y-o-y from $7.8 million on the back of improved sales margins.

The latest set of quarterly results group’s earnings for FY19 to $29.2 million, which is 31% higher than its full year earnings of $22.3 million previously due to improved margins and lower full-year operating expenses.

Cortina’s bottomline growth for 4Q comes despite an 8.5% y-o-y revenue decline to $121.6 million, in the absence of revenue contributions from certain retail outlets which recently closed in Singapore, Malaysia and Thailand.

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