Tuesday, Apr 28, 2015Tuesday, Apr 28, 2015

Cortina Holdings clocks up 11.3 per cent jump in full year earnings

Published on May 28, 2014 8:01 PM

SINGAPORE - Luxury watch retailer Cortina Holdings said its net profit rose by 11.3 per cent to $18.4 million.

This was on the back of a 13 per cent increase in revenue to $415.1 million for the year ended March 31.

Cortina said that higher sales were achieved but at the expense of lower margin.

It also reported a gain of $2.2 million from the disposal of investment properties.

Enjoy 2 weeks of unlimited digital access to The Straits Times. Get your free access now!