Revenue for the 1HFY2022 surged 87% y-o-y to $324.6 million, mainly due to the easing of restrictions in Singapore and Thailand.
See also: Zixin 1HFY2026 earnings double to RMB16.06 million
The acquisition of Sincere Watch Limited Group in March 2021 also contributed to the higher revenue in the half-year period.
1HFY2022 sales margin improved by 1.8 percentage points to 30.2%.
Operating expenses were up by 81.6% y-o-y to $63.9 million. The higher expenses were also due to the acquisition of Sincere Watch.
See also: OCBC 1HFY2025 net profit falls 6% y-o-y to $3.7 bil
Cash and cash equivalents as at end-September stood at $160.2 million.
No dividend has been recommended for the period.
For more stories about where the money flows, click here for our Capital section
According to the group, it will continue to remain profitable barring unforeseen circumstances.
Shares in Cortina closed flat at $3.80 on Nov 11.
