BREAKING:

Cortina Holdings Limited achieved growth in its interim results, recording higher revenue and an enhanced profit outcome compared to the previous corresponding period. While the gross profit margin saw a slight reduction, operating expenses rose primarily due to factors like increased staff compensation and rental costs. The Group successfully maintained a healthy balance sheet and holds a cautiously optimistic outlook for continued profitability despite the challenges posed by global economic uncertainties and high commodity prices.

• The Group successfully boosted its top-line performance, resulting in an overall enhanced profit outcome

• Cash holdings decreased, reflecting deliberate strategic investments in expansion initiatives and greater accumulation of inventory

• Management expresses cautious optimism regarding the ability to remain profitable, while navigating industry challenges such as a strong Swiss franc and high gold prices

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For more information, click here: CORTINA HOLDINGS LIMITED 2023 AGM