Cortina net profit up 4% at S$8.1m in Q4

Singapore

LUXURY watch retailer Cortina Hol-dings has posted a net profit of S$8.1 million in the fourth quarter, up 4 per cent from the same period a year earlier on higher sales margins.

Revenue for the three months ended March 31 fell 8 per cent to S$121.6 million, due to store closures in Singapore, Malaysia and Thailand.