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The Hour Glass posts 7% drop in full-year profit to S$48.7m

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Total revenue and other income dipped one per cent year-on-year to S$703.95 million as regional boutiques of The Hour Glass in nine key cities faced headwinds, including softer consumer sentiment.

Singapore

TEPID economic growth, subdued trading conditions and waning consumer demand resulted in a decline in full-year profit for The Hour Glass.

The luxury watch retailer on Thursday reported a 7 per cent drop in its net profit to S$48.7 million for the full year ended March 31

sentifi.com

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