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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

Fiona Lam

Published Wed, May 27, 2015 · 09:50 PM

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 per cent to S$734.9 million, from S$682.8 million.

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Companies & Markets

Companies & Markets

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

Fiona Lam

Companies & Markets

Porsche posts Q1 profit drop on ramp-up costs

IBM plots US$730 million expansion of Canadian semiconductor site

Seatrium unit to fully redeem S$500 million worth of floating-rate bonds early

Yeo Guat Kwang, John Chen retiring from corporate boards

US: Wall St opens higher

Air China orders homegrown C919s in challenge to jet duopoly

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