Cortina's profit falls 20% to $61.1m on higher costs, exchange rates

With lower profits, the company reported a profit per share of $0.369.

Singapore-based luxury watch retailer Cortina reported a profit of $61.1m in FY23, down 20% YoY.

The retailer attributed its lower profits to “unfavourable exchange rate movements and increase in rental and renovation expenses due to major expansions in Singapore, Malaysia, Thailand and Hong Kong.”

Cortina also reported a 1.9% YoY lower revenue of $811.0m in FY24 due to macroeconomic conditions.

With contractions in revenue and profits, the company reported a lower profit per share of $0.369.

Follow the link for more news on

Financial Statements

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia