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Cortina posts 69% increase in 1Q earnings to $8.9 mil on higher sales

Uma Devi
Uma Devi • 2 min read
Cortina posts 69% increase in 1Q earnings to $8.9 mil on higher sales
SINGAPORE (Aug 14): Cortina Holdings has reported earnings of $8.9 million for 1Q ended June, up 69% from $5.3 million for the same quarter last year.
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SINGAPORE (Aug 14): Cortina Holdings has reported earnings of $8.9 million for 1Q ended June, up 69% from $5.3 million for the same quarter last year.

Earnings per share for the quarter came in at 5.4 cents, up from 3.2 cents a year ago.

The improved bottomline was due primarily to the increase in revenue for the quarter, which grew 20% to $125.5 million from $104.5 million in the preceding year. Sales margin also increased to 26.6%, compared to 24.5% last year.

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