Cortina posts 64% jump in 3Q earnings to $9.2 mil on lower expenses

3Q19 revenue inched 1% higher to $123.9 million, from $122.9 million a year ago.

As at end December, cash and cash equivalents stood at $40.0 million.

Earnings per share increased to 5.6 cents in 3Q19, compared to 3.4 cents a year ago.

Moving ahead, the group says it plans to revamp its current stores in the region to enhance customer experience.

While Cortina says market conditions are likely to remain competitive in all the markets the group operates in, it adds that it expects to remain profitable in FY19.

Shares in Cortina closed flat at $1.10 on Wednesday.