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Hour Glass full-year earnings up 5% on higher revenue

Group's focus on retail network quality, product mix and costs pays off

Singapore

DESPITE a contracting regional luxury market, The Hour Glass on Wednesday clocked up a 5 per cent increase in net profit to S$57.9 million from S$54.9 million a year ago for its financial year ended March 31, 2015.

Full-year revenue for the luxury watch retailer climbed 8