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Cortina's 2Q earnings nearly treble to $5.9 mil

Stanislaus Jude Chan
Stanislaus Jude Chan • 1 min read
Cortina's 2Q earnings nearly treble to $5.9 mil
SINGAPORE (Nov 8): Cortina Holdings, the retailer of luxury watches, saw its earnings nearly treble to $5.9 million in the 2Q ended September, from $2.1 million a year ago.
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SINGAPORE (Nov 8): Cortina Holdings, the retailer of luxury watches, saw its earnings nearly treble to $5.9 million in the 2Q ended September, from $2.1 million a year ago.

Revenue jumped 31% to $117.0 million in 2Q18, from $89.3 million a year ago.

As at end September, cash and cash equivalents stood at $26.9 million.

Looking ahead, Cortina says market conditions will remain competitive in all the markets that the group operates in, with social and economic conditions likely to continue to affect the performance of the group.

Shares of Cortina last closed at 80.5 cents on Oct 10.

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