Cortina Holdings’ H1 profit rises 11% as retail offsets cost pressures
Cortina Holdings Ltd reported an 11% increase in net profit after tax to $34.4 million for the six months ending September, driven by retail performance. Operating expenses rose 13% to $102 million, influenced by higher staffing and rental costs. The company anticipates stable profitability in FY2025/26, despite challenges from a strong Swiss franc and high gold prices.
It expects stable profitability in FY2025/26.
Cortina Holdings Ltd posted a net profit after tax of $34.4m in the six months to September, up 11% from $31.1m a year earlier.
Profit attributable to shareholders climbed 10% to $30.5m.
Operating expenses increased 13% to $102m, mainly from higher staffing and rental costs. Finance costs rose to $3.4m. Profit before tax advanced 9% to $46.1m.
Earnings per share improved to 18.4 cents from 16.8 cents. The company declared no interim dividend.
Cortina expects profitability to remain stable in FY2025/26, citing firm Asian demand despite a strong Swiss franc and elevated gold prices impacting its cost base.
