Cortina's Q3 profit down 1.2% at S$2.8m

Singapore

WATCH retailer Cortina Holdings sounded a cautionary note on growth in the luxury market, given the drag from the slowdown in the Chinese economy.

The group on Friday posted a 1.2 per cent slip in net profit for the fiscal third quarter.

Net profit for the three months ended Dec 31, 2015 stood at S$2.76 million, compared with S$2.79 million a year ago. This translated to earnings per s…