Cortina Holdings net profit down 8.6% YoY in H1

The company said this was due to increased operating expenses.

Cortina Holdings Limited reported an 8.6% year-on-year (YoY) net profit decrease to $31.1m during the first half of the year (H1 2024).

The company said this was due to operating expenses increasing by 9.3% YoY to $90.2m. It was driven by higher rental expenses and increased depreciation costs.

Meanwhile, revenue for the period stood at $413m, a 5.5% YoY increase.

Cortina did not declare an interim dividend for the period.

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