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.
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